If the quantity demand of a product is greater than the quantity-08800
If the quantity demand of a product is greater than the quantity supplied of a product, then:
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Final Term - Quiz No.4.
If the quantity demand of a product is greater than the quantity supplied of a product, then:
There is a shortage of the product.
There is a surplus of the product.
The product is a normal good.
The product is an inferior good.