When a Shortage Occurs,there Is a Tendency for the

question 17

Multiple Choice

When a shortage occurs,there is a tendency for the

• A)price to fall.
• B)price to remain unchanged.
• C)price to rise.
• D)quantity demanded to increase.
• E)quantity supplied to decrease.

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Definitions:

Sociological

Related to the study of society, its institutions, and the relationships of individuals within those institutions.

Psychological

Pertains to the mental processes and behavior of an individual, encompassing emotional, cognitive, and social aspects.

Final Disposition

The ultimate method chosen for disposing of a deceased person's remains, including burial, cremation, or other practices.

Survivors

Individuals who continue to live after experiencing a significant event that could have led to death, or those who have outlived a specific person.