In economics, the term shortage means that the quantity demanded ...

[vHAUNG6011]

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

[frre432]

Answer to Question 1

True

Answer to Question 2

False

[vHAUNG6011]

TYSM

[jamesnevil303]

Thanks for the timely response, appreciate it