Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
A)the quantity demanded at that price.
B)the quantity supplied minus the quantity demanded.
C)the quantity supplied at that price.
D)(quantity demanded plus quantity supplied)/2.

Question

Whenever there is a shortage at a particular price, the quantity sold at that price will equal:
A)​the quantity demanded at that price.
B)​the quantity supplied minus the quantity demanded.
C)​the quantity supplied at that price.
D)​(quantity demanded plus quantity supplied)/2.

Quizplus · Accepted Answer

When there is a shortage at a particular price, the quantity sold is limited by the quantity supplied at that price, because the supply is not enough to meet the demand.

Whenever There Is a Shortage at a Particular Price, the Quantity