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If there is a shortage in the market, the market price is too, click to select) . The quantity demanded will be(Click to select) 4) the quantity supplied. Thus the market price must (Click to select) +), which will (Click to select) 4) the quantity supplied and (Click to select) +) the quantity demanded.

(Click to select) low highClick to select) greater than the same as less thanClick to select) fall not change riseClick to select) decrease not change increaseClIck to selec decrease increase

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Answer #1

If there is shortage, the market prices is too low . The quantity demanded will be greater than quantity supplied. Thus the market price must increase which will increase the quantity supplied and decrease the quantity demanded.

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