How is it possible to change a shortage into a surplus without changing either demand or supply

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Social Studies

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8 April, 17:22

How is it possible to change a shortage into a surplus without changing either demand or supply

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Hayley Key · Answer 1

In this situation, excess supply has exerted downward pressure on the price of the product. A Market Shortage occurs when there is excess demand - that is quantity demanded is greater than quantity supplied. In this situation, consumers won't be able to buy as much of a good as they would like.