Suppliers Recognize There Is a Shortage in the Market for Their

question 106

Multiple Choice

Suppliers recognize there is a shortage in the market for their product when they notice that

• A) the quantity supplied exceeds the quantity demanded.
• B) the quantity demanded is falling.
• C) inventories are falling.
• D) production exceeds new orders for the product.
• E) government economists announce a shortage exists.

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Definitions:

Judging

The process of forming opinions or conclusions about people or situations, often involving assessment against certain criteria or standards.

Criticizing

Criticizing involves expressing disapproval or pointing out the faults or mistakes of someone or something, often in a negative manner.

Placing Blame

The act of attributing responsibility for a fault or wrong to a specific person, group, or entity.

Jargon

Specialized language or terminology used within a particular field, profession, or group, often difficult for outsiders to understand.