What occurs when the quantity demanded exceeds the quantity supplied?
A) demand deficit
B) surplus
C) equilibrium point
D) shortage
E) supply schedule

Name: What occurs when the quantity demanded exceeds the quantity supplied? A) demand deficit B) surplus C) equilibrium point D) shortage E) supply schedule
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Question

Quizplus · Accepted Answer

D)When demand exceeds supply, there will not be enough goods available to meet the demand for them. This is known as a shortage.

What Occurs When the Quantity Demanded Exceeds the Quantity Supplied