In the Short Run, Whenever Excess Demand Exists, It Is

question 41

Multiple Choice

In the short run, whenever excess demand exists, it is necessary to

• A) ration the good.
• B) put the good on sale.
• C) increase the supply of the good.
• D) impose a price ceiling on the good.

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Definitions:

Heritable Traits

Characteristics or features that are passed from one generation to the next through genes.

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The surrounding conditions in which an organism operates, including natural, social, and cultural factors that affect its life.

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Individuals who undergo standardized assessments designed to measure human intelligence and cognitive abilities.

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The proportion of variation among individuals that can be attributed to genes.