What Is a Market Shortage?

Answer

Market shortage refers to a situation whereby the demand is far much higher than the supply of a commodity into the market. This is caused by factors that make the suppliers to be in a position not to meet the demand of the market. Market shortage is undesirable as it leads to inflation and general decrease in aggregate wealth.
Q&A Related to "What Is a Market Shortage"
By free market I am assuming that it means the government has no role in controlling the markets. If in such a market there occurs a shortage it will simply drive the prices high
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A surplus exists when the supply exceeds what consumers are
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When an individual buys a home, she can choose to have the cost of items such as property taxes and homeowners insurance included in her monthly mortgage payment. The lender holds
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I didn't read that article, but it seems to be a myth. I heard it since 1990 when I started flying.
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