If There Is a Shortage of Product X, and the Price

question 12

Multiple Choice

If there is a shortage of product X, and the price is free to change,

• A) fewer resources will be allocated to the production of this good.
• B) the price of the product will rise.
• C) the price of the product will decline.
• D) the supply curve will shift to the left and the demand curve to the right, eliminating the shortage.

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Definitions:

Obesity

A medical condition characterized by excessive body fat accumulation, which can negatively affect health.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for entertainment, news, and education.

Food Ingested

The act of consuming food substances for nutritional support of the body.

Unsanitary

Conditions that are not clean or hygienic, potentially leading to disease and ill health.