Supply and Demand: An Introduction ■ Market2 Why do some goods and services have shortages or surpluses and others do not? o Some good and supplies services are regulated by government Chapter 3-Supply and Demand: An Introduction Slide 7MB MC Chapter 3 - Supply and Demand: An Introduction Slide 7 Supply and Demand: An Introduction ◼ Market 2 ◼ Why do some goods and services have shortages or surpluses and others do not? ⚫ Some good and supplies services are regulated by government