A temporary period in which something wanted or needed is unavailable is known as a(n)
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the answer is shortage
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A temporary period in which something wanted or needed is unavailable is known as a shortage.
Explanation:
- Throughout economics, a scarcity or excess demand is a condition where the demand for a product or service in a sector exceeds the availability.
- There is a scarcity when more people are interested in buying a products at the present market cost than what is available. The main reasons for the shortage is increasing in demand and decrease in supply.
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