Question: A shortage is the amount by which quantity a . demanded exceeds quantity supplied. b . supplied exceeds quantity demanded. c . demanded increases when

A shortage is the amount by which quantity
a. demanded exceeds quantity supplied.
b. supplied exceeds quantity demanded.
c. demanded increases when the price rises.
d. demanded exceeds the equilibrium quantity.
e. supplied exceeds the equilibrium quantity.
Clear my choice
Suppose that supply increases and demand decreases. What effect will price and quantity?
a. Price will increase and quantity may rise or fall.
b. Price will increase and quantity will increase.
c. Price will decrease and quantity will increase.
d. Price will decrease and quantity will decrease.
e. None of the above
A shortage is the amount by which quantity a .

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