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Explain why shortages and surplus are not temporary when price controls are used?
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Explain why shortages and surplus are not temporary when price controls are used?

User Pieter Hintjens
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Market Surpluses & Market Shortages. When this occurs there is either excess supply or excess demand. A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded.

User Estemendoza
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