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What causes surplus and shortages?

Answer

A change in price causes both Surplus and Shortages. Surplus means in excess (having too much) For example, if a store which sold an item for 10 dollars decided to change the price to 12 dollars, most people would not want to buy that item at the new
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Q&A Related to "What causes surplus and shortages?"
Supply and demand. If there is more supply with less demand, we have a surplus.
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shortage - demand greater than supply - increase the price or increase the units or similar units available. surplus - supply greater than demand - decrease the price or decrease
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Good students ask more questions. eNotes educators are standing by. At $ 3.49/gallon, the demand for gas is 7344 gallons. The supply of gas follows a curve with a slope 1. If the
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