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Definition for shortage

Definition for shortage
asked 28.5k views
8 votes
Definition for shortage

asked
User Fani
by
7.5k points

1 Answer

12 votes

Answer:

Hey dude

A shortage is a situation in which demand for a product or service exceeds the available supply.

Step-by-step explanation:

Recently there was a chip shortage for electronic devices.

answered
User Jonathan Lamothe
by
8.0k points
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