A Shortage Occurs Whenever

question 247

Multiple Choice

A shortage occurs whenever

• A) quantity demanded exceeds quantity supplied at the equilibrium price.
• B) price is less than equilibrium price.
• C) quantity demanded is less than quantity supplied.
• D) goods are scarce.
• E) some of the people who need the product are not willing and able to buy it at the equilibrium price.

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Definitions:

Drowsy

A state of feeling abnormally sleepy or tired, often leading to difficulty staying awake.

Distended Neck Veins

The visible swelling or bulging of neck veins, often indicative of cardiovascular problems or increased pressure in the chest.

Deep Tendon Reflexes

Neurological responses elicited by tapping specific tendons with a reflex hammer to assess the central and peripheral nervous system's integrity.

Specific Gravity

A measure of the density of a substance compared to the density of water, indicating concentration.