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.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 24AA

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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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