If a shortage exists, than quantity demanded is greater than quantity supplied; there will be pressure on price to _____ toward equilibrium.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Oct 21, 2023 208k views

25 votes

If a shortage exists, than quantity demanded is greater than quantity supplied; there will be pressure on price to _____ toward equilibrium.

Business
high-school

Silverspoon asked

by Silverspoon

8.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

11 votes

Answer:

rise

Step-by-step explanation:

Jordan Running answered Oct 26, 2023

by Jordan Running

8.0k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked Jan 4, 2020 43.5k views

When a shortage exists in a market, sellers a. raise price, which increases quantity demanded and decreases quantity supplied, until the shortage is eliminated. b. raise price, which decreases quantity

Luckylukein asked Jan 4, 2020

by Luckylukein

8.4k points

Business
high-school

1 answer

4 votes

43.5k views

asked Jan 6, 2024 144k views

If government sets a maximum price below the equilibrium price: a) the market will be unaffected. b) the quantity supplied will be greater than the quantity demanded. c) a market shortage will develop.

Veronika asked Jan 6, 2024

by Veronika

8.4k points

Business
high-school

1 answer

5 votes

144k views

asked Mar 1, 2024 178k views

5.) If the shortage is 40 units and the quantity supplied is 533 units, what is the quantity demanded?

Stranac asked Mar 1, 2024

by Stranac

8.3k points

Social Studies
college

1 answer

5 votes

178k views

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions