Do Homework-brar Ahmed Comparative Economic and Financial Systems F18 Ibrar Ahme

Question

Do Homework-brar Ahmed Comparative Economic and Financial Systems F18 Ibrar Ahmed&197/18 3:22 AM Homework: Get Started Homework Save Score: 0 of 1 pt Fill in the Blank Exercise Every homework or study problem includes a set of leaming aids positioned in the question help menu in the upper right-hand comer of the exercise window 4 of 13 (3 complete) Hw Score: 15.38%, 2 of 13pts Question Help athough the learming aids available may vary from problem to problem The eText leaning aid will appear with every exercise. t wil take you to the page of your texibook that covers the same material as the question youlre working on Try it now. Click the e Text icon, read the definition of a shortage listed on that page, and then click the answers that Complete the statement:A shortage is the amount by which the exceeds the Click to select your answerfs) and then click Check Answer All parts showing Clear All

Explanation / Answer

Answer

In the subject of Economics, Shortage is the situaion in which demand is greater than Supply i.e. Supply is not enough meet the demand i.e. Quantity Supplied is lesser than quantity Demanded.

Hence. Shortage is the amount by which the Quantity demanded exceeds the Quantity Supplied.

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