maisaaburas25 maisaaburas25
  • 14-04-2021
  • Business
contestada

8. What is an example of a situation in which a shortage is caused by a change in
supply?

Respuesta :

Micahshouta24
Micahshouta24 Micahshouta24
  • 17-04-2021

Answer:

Temporary supply constraints, e.g. supply disruption due to weather or accident at a factory.

Fixed prices – and unexpected surge in demand, e.g. demand for fuel in cold winter.

Government price controls, such as maximum prices.

Monopoly which restricts supply to maximise profits.

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