Question

Shortage is _____.

A. a situation in which quantity supplied is greater than quantity demanded

B. the point at which quantity demanded and quantity supplied are equal

C. a situation in which quantity demanded is greater than quantity supplied
this is for economics grad point

Answer 1

C. a situation in which quantity demanded is greater than quantity supplied

Step-by-step explanation:

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Answer 2

Correct answer: "C. a situation in which quantity demanded is greater than quantity supplied"

Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food.