Suppose That a Market Is Characterized as Follows: Consumers Are

question 59

Multiple Choice

Suppose that a market is characterized as follows: consumers are willing and able to purchase 100 units and sellers are willing and able to sell 70 units. Which of the following statements are true?

• A) There is a shortage of 30 units.
• B) The market is not in equilibrium.
• C) The price in the market will increase.
• D) All of the answers are correct.

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Definitions:

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An initiative committed to eliminating the inequalities in food systems by advocating for sustainable agriculture, healthy communities, and justice for those marginalized in the current food production and distribution processes.

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Social Justice Activism

Efforts and movements aimed at promoting fairness and equity within society by challenging injustices and valuing diversity.