Question if a technology company introduces a new gadget to, Ask an Expert

Economics

Question: If a technology company introduces a new gadget to the market which creates long lines of eager customers at stores, what is true about this market?

a) Supply exceeds demand and a shortage occurs

b) Supply exceeds demand and a surplus occurs

c) Demand exceeds supply and a shortage occurs

d) Demand exceeds supply and a surplus occurs

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586918

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