A Shortage Causes the

question 83

Multiple Choice

A shortage causes the

• A) price to fall.
• B) demand curve to shift leftward.
• C) supply curve to shift rightward.
• D) price to rise.

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Definitions:

Equality and Equity

Concepts referring to fairness and justice; equality involves treating everyone the same, while equity involves giving individuals what they need to be successful.

Social Backgrounds

The cultural, economic, educational, and familial contexts that influence an individual's life experiences and perceptions.

Intercultural Friendship

A friendship that spans across different cultures, offering unique opportunities for cultural exchange and understanding.

Exchange Program

A structured opportunity allowing participants from different geographic or institutional backgrounds to exchange cultural, educational, or professional experiences.