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When a shortage occurs, the market price increases.
British Court
The system of courts and legal institutions in the United Kingdom, or the royal court associated with the British monarchy.
John Wilkes
An 18th-century British politician and journalist known for his radical views, defense of liberty, and challenges to the government's authority.
King George III
The King of Great Britain and Ireland during the late 18th century, best known for his leadership during the American Revolutionary War.
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The right to publish and disseminate information, opinions, and ideas without government intervention or fear of punishment.
Q6: A shortage will occur at any price
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Q246: Figure: Price and Quantity 4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3378/.jpg"