Question

If the quantity demanded of a new mountain bike is 8,000 and the quantity supplied is 6,000, then _____.

there is a surplus of 1,000 bikes

there is a shortage of 2,000 bikes

there is a surplus of 2,000 bikes

there is a shortage of 14,000 bikes

Answer 1

I believe it is ¨there is a shortage of 2,000 bikes¨ because if they demand 8,000 bikes but only make 6,000 bikes there is a shortage of 2,000 bikes 

Answer 2

If the quantity demanded of a new mountain bike is 8,000 and the quantity supplied is 6,000, then there is a shortage of 2,000 bikes .

In economics, the relationship between supply and demand in which there is greater demand than supply of a product is called shortage.

In this case, there is a demand that exceeds in 2,000 the number of bicycles produced, therefore there is a shortage that corresponds to 2,000 dissatisfied consumers.