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QUESTION IMAGE

supply and demand affected prices and during a shortage demand would in…

Question

supply and demand affected prices and during a shortage demand would increase and supply would decrease
true
false

Explanation:

Brief Explanations

In a shortage situation, it is the existing demand that exceeds supply. Demand doesn't increase because of the shortage; rather, the quantity demanded is already higher than the quantity supplied at the current price. The shortage occurs when supply is insufficient to meet the demand.

Answer:

False