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8. What is an example of a situation in which a shortage is caused by a change in
supply?

User Rubms
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1 Answer

7 votes

Answer:

Temporary supply constraints, e.g. supply disruption due to weather or accident at a factory.

Fixed prices – and unexpected surge in demand, e.g. demand for fuel in cold winter.

Government price controls, such as maximum prices.

Monopoly which restricts supply to maximise profits.

User Han Arantes
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