By free market I am assuming that it means the government has no role in controlling the markets. If in such a market there occurs a shortage it will simply drive the prices high up by the demand and supply rule thus constricting the output only to those who outbid the other. The solution generally is a government control on this for example LPG in India is highly subsidised to make it affordable, but the solution is definitely not robust because the people with the ability to buy from the private market end up consuming subsidised products meant for the poorer sections.
Price will increase to equilibrium level, where quantity supplied intersects with quantity demanded (everything else constant).
it depends what kind of shortage
The term "shortage" is used to describe a situation where there is a lack of something. For example, during a drought, the newspapers would report this as a "water shortage".
Consumers bid up the price.
Shortage. :)
The price goes up if the demand is high
Shortage will occur.
The term "shortage" is used to describe a situation where there is a lack of something. For example, during a drought, the newspapers would report this as a "water shortage".
They eat you... (: Good Luck!
Consumers bid up the price.
The price goes up if the demand is high
Shortage will occur.
Shortage. :)
Dehydrated weaknesses uncleanliness less healthier
The price declines until demand increases.
The prices increases, because the demand is higher for the product, since there is less of it.
they faced shortage of food , lost of jobs , housing and education and shelters
Land scarcity is what happens when the demand for land is higher than the supply due to population growth.
it masterbates