At the current price, there is a shortage of a product. We would expect price to...

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At the current price, there is a shortage of a product. We would expect price to O increase, quantity demanded to increase, a

business economics

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C] Increase, quantity demanded to decrease, and quantity supplied to increase

At the current price there is a shortage of a product. We would expect price to increase, quantity demanded to decrease, and quantity supplied to increase. If, at the current price, there is a shortage of a good, then the price is below the equilibrium price.

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