Select the best answer from the choices provided a situation in which quantity demanded is greater than quantity supplied best describes a. excess supply. b. shortage. c. equilibrium of demand. d. surplus.

b). Shortage

Explanation:

Shortage as the name suggests is the relative scarcity of goods in comparison to its demand. Shortage occurs when quantity demanded of a good is greater than its supply. In situations of shortage, the price of the good will rise and the quantity demanded will fall till it is equal to the supply.

So, the correct option is b). shortage

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

answer; marketing resource management;