What occurs when the quantity demanded exceeds the quantity supplied?
A) Demand deficit
B) Surplus
C) Equilibrium point
D) Shortage
E) Price drop

Question

Quizplus · Accepted Answer

When the quantity demanded exceeds the quantity supplied, it results in a shortage. This is because there are not enough goods or services available to meet the demand of consumers, leading to an increase in prices.

What Occurs When the Quantity Demanded Exceeds the Quantity Supplied