When Does a Shortage Occur

question 33

Multiple Choice

When does a shortage occur?

• A) When the quantity supplied is less than the quantity demanded
• B) When the quantity demanded is less than the quantity supplied
• C) When goods have to be sold quickly or else they may rot or expire
• D) When producers see a need to decrease the price of the good

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Definitions:

High School

An educational institution that provides secondary education, typically for students aged 14 to 18 years old.

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Androgens, including testosterone, which are responsible for the development of male secondary sexual characteristics and reproductive functions.

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The capacity to understand, reason, and remember the spatial relations among objects or space.