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Specifically, when does a shortage of a particular good occur in an economy? How does this disequilibrium situation get usually corrected? Specifically, when does a

  1. Specifically, when does a shortage of a particular good occur in an economy?
  2. How does this disequilibrium situation get usually corrected?
  3. Specifically, when does a surplus of a particular good occur in an economy?
  4. How does this disequilibrium situation usually get corrected?

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