A market shortage exists when

Economics Dec 17, 2020

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A market shortage exists when the price of a good or service is pushed below its market equilibrium price and the demand exceeds the supply for that good or service. This results in service outages when there are not enough service providers and sellers running out of stock of the item demanded. Such shortages are often the result of governments setting price ceilings on a particular good or service like rent control laws that result in higher rates of homelessness.

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