Assume you came across the given headline in a story of a daily newspaper: "Automobile prices are so high right now that there have to be a shortage. As a result not everyone who needs an automobile will be capable to buy one." Is this statement correct?
First of all we ought to conclude that all buyers who desire to buy automobiles at the prevailing prices will be capable to do so. Of course there will be others who are just unwilling or unable to pay the current price. Second, we cannot say that there is a shortage at the present price. If there were then the price would merely rise to choke of the excess demand.