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How To Cure Shortage and Surplus

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how to cure shortage and surplus

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How To Cure Shortage and Surplus

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Shortage

1. Rationing
2. Produce more
3. Increase the price
4. Subsidise gvt
5. Remove monopoly no one surplier

Surplus

1 reduce quality of the good

2 reduce production or quantity
3 increase price
4 new markets
5 customization eg Bugatti private jets …..

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