Difference between revisions of "Shortage"

Revision as of 10:17, March 11, 2007

When demand for a widget at a given price exceeds supply, there is a shortage. A shortage tends to drive the price of the widget up.

Revision as of 05:06, February 10, 2007 (view source) TimSvendsen (talk \| contribs)		Revision as of 10:17, March 11, 2007 (view source) N (talk \| contribs) m (Category:Economics) Newer edit →
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	When [[Demand\|demand]] for a [[Widget\|widget]] at a given price exceeds [[Supply\|supply]], there is a shortage. A shortage tends to drive the price of the widget up.		When [[Demand\|demand]] for a [[Widget\|widget]] at a given price exceeds [[Supply\|supply]], there is a shortage. A shortage tends to drive the price of the widget up.
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		+	[[Category:Economics]]