Shortages and Surpluses Can Occur in Markets Other Than Those

question 36

Multiple Choice

Shortages and surpluses can occur in markets other than those in which government imposes the price floors and ceilings.This phenomenon could be explained by the action of seller(s) :

• A)because they set the prices in advance of sales and these prices happen to be below the equilibrium prices.
• B)because they set the prices in advance of sales and these prices happen to be above the equilibrium prices.
• C)because they do not set the prices in advance.
• D)because they set the prices in advance of sales and these prices happen to be below or above equilibrium prices.

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Definitions:

Dissociative Amnesia

A disorder characterized by the inability to recall important personal information, usually after a traumatic or stressful event.

Generalized Anxiety Disorders

A mental health disorder characterized by persistent and excessive worry about a variety of things, beyond the scope of specific events or challenges.

Body Dysmorphic Disorder

A mental health disorder characterized by obsessive focus on a perceived flaw or flaws in physical appearance, which to others are either minor or not observable.

Imagined Ugliness

A psychological disorder where an individual perceives themselves as unattractive or deformed, regardless of actual appearance.