Minimum Cardinalities Represent the Lower Limit on the Number of Entities

question 18

True/False

Minimum cardinalities represent the lower limit on the number of entities required in a relationship.

---

Definitions:

Shortage

A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.

Equilibrium Price

The financial value where the availability of goods equals consumer demand.

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.

Supply Stays

A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.