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When There Is a Shortage I

question 168

Multiple Choice

When there is a shortage I. there is a tendency for price to increase.
II. there is an excess quantity demanded.


Definitions:

Expression

A combination of symbols that represent a quantity or formula, which can include numbers, variables, and operation symbols.

Solve

To find the value(s) of variable(s) that satisfy an equation, inequality, system of equations, or other mathematical conditions.

Expression

A combination of symbols and operators in mathematics that represents a value.

Radical Equation

An equation in which the unknown variable appears under a radical sign, requiring specific methods to isolate and solve.

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