"shortage" has no meaning in economics https://twitter.com/Static__Age/status/1316359724321910785 …
"price at which transactions are happening" IS the market clearing price, unless you want to explain some weird situation I'm not thinking ofhttps://twitter.com/ded_ruckus/status/1316441817416597505 …
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I'm thinking of like Venezuela or whatever, where they put a price ceiling in place, so you've continually got empty shelves because the quantity supplied at the price ceiling is less than the quantity demanded at that price ceiling
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or (qualitatively but not quantitatively similar) the early 2020 runs on toilet paper etc., when stores were reluctant to increase prices drastically for various reasons (friction-related?), so lots of empty shelves on a temporary basis
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