Which of the Following Occurs When a Shortage Occurs in the Market

question 90

Multiple Choice

Which of the following occurs when a shortage occurs in the market for a good?

• A) Quantity demanded exceeds quantity supplied and the market mechanism pushes the price up, which in turn encourages more production and less consumption.
• B) Quantity supplied exceeds quantity demanded and the price falls, which encourages more production and less consumption.
• C) Quantity demanded exceeds quantity supplied and the market mechanism pushes the price down, which encourages more production and less consumption.
• D) Quantity supplied exceeds quantity demanded and the price rises, which encourages more production and less consumption.

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Definitions:

Dissociative Disorders

A group of mental disorders that involve disruptions or discontinuity in a person's consciousness, memory, identity, or perception.

Major Characteristics

Fundamental traits or features that define or distinguish something.

Conversion Disorder

A mental condition where psychological stress manifests as neurological symptoms, such as blindness or paralysis, without a physiological cause.

Anxious

describes a feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a level of apprehension or anxiety.