A shortage exists in a market if
a. there is an excess supply of the good
b. quantity supplied exceeds quantity demanded.
c. the current price is below its equilibrium price.
d. All of the above are correct.
c
Economics
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Indicate whether the statement is true or false
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To determine whether or not a pair of goods are complements, economists are interested in the cross price elasticity of demand between the two goods
a. True b. False Indicate whether the statement is true or false
Economics