Shortage



noun
1.
a deficiency in quantity:
a shortage of cash.
2.
the amount of such deficiency.
noun
1.
a deficiency or lack in the amount needed, expected, or due; deficit

shortage definition

A condition that exists when demand exceeds supply because of a lack of equilibrium in a market. If a price is artificially low, buyers want to buy more of a good than sellers are willing to sell. (Compare surplus.)

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