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This is because the reason is irrelevant to whether there is a shortage or not. A shortage is when at the given price a higher quantity will be demanded than wi
by mdavis6890 5y ago
This is because the reason is irrelevant to whether there is a shortage or not. A shortage is when at the given price a higher quantity will be demanded than will be supplied.
The normal market solution to a shortage is to raise prices until there is no longer an excess of supply at that higher price