"shortage" has no meaning in economics https://twitter.com/Static__Age/status/1316359724321910785 …
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? usage I learned was that "supply" is a curve, "quantity supplied" is a number at a specific price point so if you've got a shortage, that indicates that your price point is too low ...but that happens IRL somewhat often, for whatever reason
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supply is a curve and demand is a curve, and the point of intersection gives you quantity supplied / demanded, and price supplied / demanded
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