A shortage occurs when buyers want to purchase more than producers want to sell at the prevailing price.
Standard detail
2.
Benchmark
Depth 1Parent ID: 83490D97B8E44F82A46FF8003EE4926CStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- BCA2836EABE24566915BDE383F016164
- ASN identifier
- S2604733
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 83490D97B8E44F82A46FF8003EE4926C
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US