Relationship between the quantity demanded-quantity supplied

Reference no: EM133662352

Assignment:

From the article: "Lately, fears of fuel shortages have given way to worries that the U.S. could run out of space to store a growing glut of gas." Describe the relationship between the quantity demanded and the quantity supplied

i. when there is a shortage in the market for a product

ii. when there is a glut (or surplus) in the market for a product

Reference no: EM133662352

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