What Can We Conclude If Consumers Are Forced to Wait

question 43

Multiple Choice

What can we conclude if consumers are forced to wait in long line-ups in order to purchase products such as food and fuel?

• A)That the price of these items is at equilibrium.
• B)That price is operating effectively as a rationing mechanism.
• C)That producers are producing more than people want.
• D)Producers would be willing to produce more if price were allowed to rise.

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Definitions:

Secure Attachment

The attachment style for most infants, who are confident enough to play in an unfamiliar environment as long as the caregiver is present and are readily comforted by the caregiver during times of distress.

Infants

Very young children, typically under one year of age, who are in the earliest stage of human development.

Comforted

The feeling of relief or encouragement when previously experiencing distress or pain.

Securely Attached

A term used in attachment theory to describe individuals who exhibit confidence in relationships, feeling connected and supported without fear of abandonment.