Skip to main content
Microeconomics
My Courses
College Courses
My Courses
Chemistry
General Chemistry
Organic Chemistry
Analytical Chemistry
GOB Chemistry
Biochemistry
Intro to Chemistry
Biology
General Biology
Microbiology
Anatomy & Physiology
Genetics
Cell Biology
Physics
Physics
Math
College Algebra
Trigonometry
Precalculus
Calculus
Business Calculus
Statistics
Business Statistics
Social Sciences
Psychology
Health Sciences
Personal Health
Nutrition
Business
Microeconomics
Macroeconomics
Financial Accounting
Calculators
AI Tools
Study Prep Blog
Study Prep Home
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Effects of Shortage
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Effects of Shortage
Download worksheet
Practice
Summary
Previous
3 of 10
Next
3. The Market Forces of Supply and Demand / Effects of Shortage / Problem 3
Problem 3
What causes the discrepancy between quantity supplied and quantity demanded when a price is set below equilibrium?
A
The price is too low, leading to higher demand and lower supply.
B
There is no discrepancy; they are equal.
C
The market is in equilibrium.
D
The price is too high, leading to lower demand and higher supply.
AI tutor
0
Show Answer