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Author Question: In economics, the term shortage means that the quantity demanded is greater than the quantity ... (Read 50 times)

vHAUNG6011

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on: Jun 30, 2018
In economics, the term shortage means that the quantity demanded is greater than the quantity supplied at the existing price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A shortage occurs when the quantity demanded exceeds the quantity supplied.
 a. True
  b. False
  Indicate whether the statement is true or false


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frre432

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


vHAUNG6011

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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