If a Shortage Exists in a Market Then

question 98

Multiple Choice

If a shortage exists in a market then:

• A)the price is cannot be determined.
• B)the quantity demanded is less than the quantity supplied.
• C)the price will fall in the near future.
• D)the price will increase in the near future.

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Definitions:

Opposite Direction

Moving or pointing away from each other in a contrasting or reverse course.

Window View

The scenery or outlook seen through a window.

Involuntary Twitch

A sudden, uncontrolled small muscle movement or contraction, often occurring without a person's conscious command.

Eye Muscles

The muscles surrounding the eyes that control eye movement and enable the eyes to focus on different objects.