What Happens When There Is a Shortage in a Market

question 300

Multiple Choice

What happens when there is a shortage in a market?

• A) There is downward pressure on price.
• B) There is upward pressure on price.
• C) The market is operating above the equilibrium level.
• D) The price must be above equilibrium.

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Custom-Designed Refrigerators

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Translation Exposure

The potential for a company's financial statements in one currency to be affected by fluctuations in exchange rates when they are translated into another currency.

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