If the price of the goods described in exhibit 4-1 is $1.40, then there will be a shortage of 30 units.
In economics, shortage or over-demand is a situation in which demand for a product or service exceeds supply in the market. It is the opposite of oversupply (surplus).
In common usage, the term "shortage " can refer to the situation in which most people cannot find desirable goods at affordable prices, especially when supply problems drive up prices. 'Market liquidation' occurs when all buyers and sellers wishing to trade at prevailing prices can find partners. Most of the time there are buyers who want to buy below the market clearing price.
Learn more about shortage here: https://brainly.com/question/2008742
#SPJ4
If the price of the products defined in showcase four-1 is $1.forty, then there may be a shortage of 30 devices.
In economics, shortage or over-call for is a state of affairs wherein the call for a product or service exceeds supply inside the market. it is the opposite of oversupply (surplus).
In commonplace utilization, the time period "shortage " can seek advice from the scenario in which most of the people can't discover suited items at low priced charges, in particular when supply troubles drive up charges. 'market liquidation' takes place when all buyers and dealers wishing to alternate at prevailing fees can locate partners. maximum of the time there are buyers who need to buy under the market clearing charge.
Learn more about shortage here - https://brainly.com/question/1451952
#SPJ4
