Examlex
Which of the following statements should a salesperson use to accept the objection?
Shortage
A situation where the demand for a product or service exceeds its supply in a market, often leading to rising prices.
Equilibrium Quantity
The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market price.
Supply Increases
A situation where the quantity of a good or service that producers are willing and able to sell at a specific price rises.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market stability.
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