It is possible for a market for a good to experience a surplus and a shortage at the same time.

Name: It is possible for a market for a good to experience a surplus and a shortage at the same time.
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Question

Quizplus · Accepted Answer

A market cannot experience a surplus and a shortage at the same time because a surplus occurs when supply exceeds demand, while a shortage occurs when demand exceeds supply. These are mutually exclusive conditions.

It Is Possible for a Market for a Good to Experience