Whenever there is a shortage at a particular price, the quantity sold at that price will equal: the quantity demanded at that price. the quantity supplied minus the quantity demanded. the quantity supplied at that price. (quantity demanded plus quantity supplied) / 2.

Question

Jaqueline Bass

Business

1 May, 14:48

Whenever there is a shortage at a particular price, the quantity sold at that price will equal: the quantity demanded at that price. the quantity supplied minus the quantity demanded. the quantity supplied at that price. (quantity demanded plus quantity supplied) / 2.

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Answers (1)

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Oprah · Answer 1

Answer: C. the quantity supplied at that price.

Explanation:

A shortage for a good occurs when the current market price is less than the equilibrium price. So, whenever there is a shortage at a particular price the quantity sold at that price will be less than the quantity demanded. The amount of shortage is equal to quantity demanded minus quantity supplies. And the quantity sold is equal to the quantity supplied at that price.