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-Which of the Following Statements Is Correct

question 20

Multiple Choice

-Which of the following statements is correct? A) A shortage and scarcity are the same thing. B) A shortage occurs when the quantity demanded is less than the quantity supplied at a price below the market clearing price. C) A shortage occurs when the quantity demanded is greater than the quantity supplied at a price below the market clearing price. D) A shortage occurs when the quantity demanded is less than the quantity supplied at a price above the market clearing price.
-Which of the following statements is correct?

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