Business, 19.09.2019 17:20 taibamah

What factors will determine the sizes of the shortages? the extent of the excess demand implied by the shortages will depend on a. the amount by which quantity supplied exceeds quantity demanded, where the shortages will be larger the greater this difference. b. the elasticity of supply, where the shortages will be larger if more close substitutes are available. c. the elasticity of demand, where the shortages will be larger if demand is more inelastic. d. the amount by which price is set above market-clearing levels, where the shortages will be larger the greater this difference. e. the elasticities of supply and demand, where the shortages will be larger if both supply and demand are more elastic.

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What factors will determine the sizes of the shortages? the extent of the excess demand implied by...