Question: A _ _ _ _ _ _ _ _ is a situation in which the quantity supplied is less than the quantity demanded at the

A ________ is a situation in which the quantity supplied is less than the quantity demanded at the current market price.
Multiple choice question.
surplus
glut
rationing
shortage

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!