A Shortage Will Occur Whenever

question 252

Multiple Choice

A shortage will occur whenever

• A)price is below the equilibrium price.
• B)price is above the equilibrium price.
• C)price is equal to the equilibrium price.
• D)the supply curve is upward sloping.

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Definitions:

High-Potential Ventures

Businesses or projects with strong growth prospects and the potential for significant financial returns.

Lead Entrepreneur

The primary individual responsible for the vision, strategy, and overall direction of a startup or entrepreneurial venture.

Venture Capital-Backed

Describes businesses that have received funding from venture capitalists, who invest in startups with high growth potential in exchange for equity.

Harvest

In a business context, refers to the act of selling off or extracting value from an investment at a profit.