The Existence of a Shortage

question 286

Multiple Choice

The existence of a shortage

• A) pushes the price down
• B) pushes the price up
• C) means resources are being allocated efficiently
• D) is impossible in a market economy

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Definitions:

Main Components

Essential parts or elements that constitute something or contribute to its operation.

Symbolic Notation

A system of symbols used to represent numbers, operations, relations, or concepts, especially in mathematics, logic, and computer science.

Symbolic Notation

A system of symbols used to represent numbers, operations, relations, or concepts, often used in mathematics and logic.

Atomic Components

The smallest, indivisible parts or elements that make up a system, reflecting the concept in both physical science (atoms in matter) and logic (basic propositions).