Answered: A demand gap occurs when A. quantity…

A demand gap occurs when A. quantity demanded is greater than quantity supplied. B. when quantity supplied is greater than quantity demanded. C. when supply is lacking. D. when demand is lacking.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A demand gap occurs when

A. quantity demanded is greater than quantity supplied.

B. when quantity supplied is greater than quantity demanded.

C. when supply is lacking.

D. when demand is lacking.

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