Amount or extent of deficiency, as determined by some requirement or standard; as, a shortage in money accounts.

General: less than needed or ordered. Difference between the quantity required and that delivered.

The situation that results when the quantity demanded for a product exceeds the quantity supplied. Generally happens because the price of the product is below the market equilibrium price. View Capstone Lesson(s) that address this concept

a quantity supplied that is smaller than the quantity demanded at a given price

The situation that arises when the quantity demanded of a product exceeds the quantity supplied. Shortages generally occur when a price is set below the equilibrium price. (See also Equilibrium price; compare Surplus.) View LEI Lesson(s) that address this term

a condition in which the quantity of goods offered by producers is less than the quantity of goods demanded by consumers at the existing price

a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely

a situation in which the buyer is paying less than the market clearing price

a situation in which the buyer of a product or service is offering a price that is below the market clearing price

A situation in which the quantity demanded exceeds the quantity supplied. (p. 96)

A market situation in which the price is set below the equilibrium price, thus causing the quantity demanded to be greater than the quantity supplied.

The condition in which the quantity demanded is greater than the quantity supplied at a certain price.

The negative difference between actual available or delivered quantity and the required quantity.

The situation resulting when the quantity demanded exceeds the quantity supplied of a good or service, usually because the price is for some reason below the equilibrium price in the market.

A deficiency in quantity shipped.

a situation where there is an excess at some price of quantity demanded over quantity supplied

A condition that occurs when the demand for a good or service exceeds its supply. Shortages occur when the price for a good or service is lower than its equilibrium price.