A Shortage Occurs Whenever

question 124

Multiple Choice

A shortage occurs whenever

• A) the quantity supplied is greater than the quantity demanded.
• B) the price is above the equilibrium quantity.
• C) the quantity supplied is less than the quantity demanded.
• D) the government places a binding price floor.
• E) the government places a nonbinding price ceiling.

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Definitions:

Montgomery

The capital city of Alabama, known for its significant role in the American Civil Rights Movement, including the Montgomery Bus Boycott.

Wilmington

A city in Delaware, known for its rich history and significance in American industrial and political development.

Disenfranchisement

The process of depriving someone of the right to vote or other rights of citizenship, often used historically to restrict the voting rights of African Americans, women, and other minority groups through legal and extralegal means.

Riot

A form of civil disorder characterized by a group lashing out in a violent public disturbance against authority, property, or people.