If There Was a Shortage in a Particular Market, Which

question 10

Multiple Choice

If there was a shortage in a particular market, which of the following is least likely to happen if the market is allowed to operate freely? Please select all that apply.

• A) A permanent black market would form
• B) Prices would rise to choke off the excess demand
• C) In the long run supply would increase to eradicate the shortage
• D) Prices will fall

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Definitions:

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, based on the gender or genders they are attracted to.

Social Identity

An individual's sense of self, derived from their membership in social groups such as nationality, ethnicity, religion, or social class.

Ideological Construct

A set of beliefs or principles that structures one's understanding of the world.

Natural Gender

A concept related to the natural differences and characteristics of genders, as opposed to gender roles or identities constructed by society.