Social Studies, 21.09.2020 14:01 tiniecisneros28
Why do fads often lead to shortages, at least in the short term?
a. Buyers and sellers are unable to agree on a price for the good.
b. Laws prevent stores from responding to excess demand in time to prevent a shortage.
c. Manufacturers charge extremely high prices for the goods that stores are unwilling to pay.
d. Demand increases so quickly and unexpectedly that time is needed for the quantity supplied and
price to increase to reach a new equilibrium point.
Answers: 2
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Why do fads often lead to shortages, at least in the short term?
a. Buyers and sellers are unable t...
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