howard93 howard93

05-03-2019
Social Studies

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Explain why shortages and surplus are not temporary when price controls are used?

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savagehomes6 savagehomes6

05-03-2019

Market Surpluses & Market Shortages. When this occurs there is either excess supply or excess demand. A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded.

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