Actually, I think I am wrong. The price HAS risen, but lots of people can&#x27;t or won&#x27;t pay. This doesn&#x27;t meet the technical definition of a shortage:<p>In common use, the term &quot;shortage&quot; may refer to a situation where most people are unable to find a desired good at an affordable price, especially where supply problems have increased the price. &quot;Market clearing&quot; happens when all buyers and sellers willing to transact at the equilibrium price are able to find partners. There are almost always willing buyers at a lower-than-market-clearing price; the narrower technical definition doesn&#x27;t consider failure to serve this demand as a &quot;shortage&quot;, even if it would be described that way in a social or political context (which the simple model of supply and demand does not attempt to encompass).