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单词 shortage
释义 shortage

A situation when the demand for a good or service exceeds the available supply. This can only occur if price is not adjusted to clear the market. If there is a sudden rise in the demand or fall in the supply of a good, law or social convention may prevent the price from rising far enough to clear the market, thus creating a shortage. When this occurs, available supplies of the good must be allocated by some non-price method, such as formal or informal rationing, or queueing.

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更新时间:2025/1/22 19:15:51