Question

Why does shortage equals excess demand is bad for businesses

Answer 1

Labor shortages may delay and drive up the cost of product development. A company may not be able to respond to a competitor's product launch if it does not have the right talent. Management can try to bridge these talent gaps using training programs or forming partnerships with other companies.

Step-by-step explanation:

Labor shortages may delay and drive up the cost of product development. A company may not be able to respond to a competitor's product launch if it does not have the right talent. Management can try to bridge these talent gaps using training programs or forming partnerships with other companies.

Answer 2

Labor shortages may delay and drive up the cost of product development.