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Dimitry K., Esq.
Dimitry K., Esq. , Attorney
Category: Finance
Satisfied Customers: 41220
Experience:  NASD Licensed Rep, 1997-2001, Business Attorney
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If, at the current price, there is a shortage of a good,

Resolved Question:

If, at the current price, there is a shortage of a good, A. sellers are producing more than buyers wish to buy B. the market must be in equilibrium C. the price is below the equilibrium price D. quantity demanded equals quantity supplied
Submitted: 4 years ago.
Category: Finance
Expert:  Dimitry K., Esq. replied 4 years ago.
Thank you for your question.

The answer is "C", the price is below the equilibrium point.

Good luck.
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