EDivvy Is an Online Gift Sharing Program That Allows Groups

question 1

True/False

eDivvy is an online gift sharing program that allows groups from office parties or weddings to select gifts and invite others to contribute to the price.

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Definitions:

Supply Falls

A condition in which the quantity of a product or service available in the market decreases, potentially leading to higher prices.

Surplus

The condition that occurs when supply exceeds demand, often resulting in a decrease in prices.

Shortage

A situation where the demand for a good or service exceeds its supply in a market.

Quantity Demanded

The amount of a product that consumers are willing to buy at a specific price point, at a given time.