Ashortage will develop when the quantity supplied of a good is greater than the quantity demanded of that good the government provides subsidies to producers the equilibrium quantity supplied is lower than the actual quantity supplied the market price is below the equilibrium price

The correct answer is "The market price is below the equilibrium price."

The first statement is incorrect because when there are more goods produced than demanded, this results in a surplus.

The second statement is incorrect because a subsidy is not meant to cause a shortage. Rather, a subsidy is provided by the government in order to ensure that goods/resources are available to the American public.

Hence why the last statement is correct.

Answer: tokugawa ieyasu (徳川家康, january 31, 1543 – june 1, 1616) was the founder and first shōgun of the tokugawa shogunate of japan, which effectively ruled japan from the battle of sekigahara in 1600 until the meiji restoration in 1868.

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