According to the Above Figure, a Shortage Will Occur at a Price

question 360

Multiple Choice

According to the above figure, a shortage will occur at a price at which

• A) quantity demanded equals quantity supplied.
• B) quantity demanded exceeds quantity supplied.
• C) quantity supplied exceeds quantity demanded.
• D) government sets a price above equilibrium.

---

Definitions:

Corporate Websites

Official websites owned by businesses, designed to provide information about the company, its products, and services.

Game Thinking

The application of game design principles and mechanics to non-game contexts to engage and motivate people.

Mobile Apps

Software applications designed to run on smartphones, tablets, and other mobile devices.

Web Services

Software systems designed to support interoperable machine-to-machine interaction over a network.