Which of the following will occur if the aggregate quantity supplied is less than the aggregate quantity demanded?
A) Aggregate demand will shift to the right
B) Aggregate supply will shift to the left
C) There will be a shortage
D) There will be a surplus

Question

Quizplus · Accepted Answer

If the aggregate quantity supplied is less than the aggregate quantity demanded, it means there is not enough supply to meet the demand. This will result in a shortage, as consumers will be willing to buy more than what is available, leading to an increase in prices. This situation does not require a shift in aggregate demand or supply.

Which of the Following Will Occur If the Aggregate Quantity