A Shortage Results When

question 181

Multiple Choice

A shortage results when:

• A) a price floor is imposed.
• B) a price ceiling is imposed.
• C) there is excess supply without any price controls.
• D) a price floor is imposed but it is not binding.

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Definitions:

High-Capacity

A term used to describe storage media or devices capable of holding a large amount of data.

Hard Drive

A non-volatile storage device that uses magnetic storage to store and retrieve digital information using one or more rotating disks.

Cloud Services

Internet-based services that provide computing resources like software, storage, and processing power, without the need for local infrastructure.

Optical Storage

A type of data storage that uses optical media, such as CDs and DVDs, to read and write data using lasers.