Grocers say there isnt a supply shortage but it takes time for manufacturers to catch up to

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Grocers say there isn’t a supply shortage but it takes time for manufacturers to catch up to the big spike in demand. Suppliers are shipping more than normal, but consumers are buying much more than normal.

What happens to the market equilibrium when “suppliers are shipping more than normal, but consumers are buying much more than normal”?

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Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

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Question Posted: Apr 05, 2024 11:00 PM

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Grocers say there isnt a supply shortage but it takes time for manufacturers to catch up to

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Both the demand and supply curve shift ri...View the full answer

Macroeconomics

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