Question: 14. If Qd = quantity demanded and Qs = quantity supplied at a given price, a shortage in the market results when a. Qs is

14. If Qd = quantity demanded and Qs = quantity supplied at a given price, a shortage in the market results when

a. Qs is greater than Qd.

b. Qs equals Qd.

c. Qd is less than or equal to Qs.

d. Qd is greater than Qs.

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