Why Does a Shortage That Occurs Under a Binding Price

question 52

Multiple Choice

Why does a shortage that occurs under a binding price ceiling decrease over time?

• A) Demand becomes more elastic.
• B) Demand becomes more inelastic.
• C) Demand and supply both become more elastic.
• D) Demand and supply both become more inelastic.
• E) Demand becomes more elastic, but supply becomes more inelastic.

Understand the structure of a simple Java program, including syntax, declaration of variables, and basic Java statements.

Understand the basic syntax and function calls in Java.

Identify and use Java's string manipulation methods effectively.

Understand and apply Java's memory management, including garbage collection.

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