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26 November, 01:47

How is it possible to change a shortage into a surplus without changing either demand or supply

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  1. 26 November, 02:12
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    In this situation, excess supply has exerted downward pressure on the price of the product. A Market Shortage occurs when there is excess demand - that is quantity demanded is greater than quantity supplied. In this situation, consumers won't be able to buy as much of a good as they would like.
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