explain how the price system eliminates a, Microeconomics

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explain how the price system eliminates a

^{Explain how the price system eliminates a shortage.

A deficiency means that quantity demanded is greater as compared to quantity supplied. This will lead to upward pressure on price.Since price rises, quantity demanded falls and quantity supplied rises. This will carry on until quantity demanded is equal to quantity supplied.}

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Microeconomics: explain how the price system eliminates a

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Microeconomics: explain how the price system eliminates a

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