question 6 · 1 point what will be the result of a market price below the equilibrium level? select the…
question 6 · 1 point what will be the result of a market price below the equilibrium level? select the correct answer below: shortage surplus excess supply perfect balance in the market
Answer
Brief Explanations:
When the market price is below the equilibrium level, quantity - demanded exceeds quantity - supplied. This situation is defined as a shortage in economic theory.
Answer:
shortage