When a Shortage Occurs,there Is a Tendency for the

question 17

Multiple Choice

When a shortage occurs,there is a tendency for the

• A)price to fall.
• B)price to remain unchanged.
• C)price to rise.
• D)quantity demanded to increase.
• E)quantity supplied to decrease.

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Definitions:

Unintended Changes

Alterations that occur without deliberate planning or goal-setting, often unexpectedly affecting environments or systems.

Ethical Guideline

Principles designed to help professionals conduct their work in a morally appropriate manner, ensuring the welfare of those involved.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society and improve people's lives.

Deception

The act of misleading or deceiving someone by concealing or misrepresenting the truth.