-What Happens as the Result of a Shortage

question 424

Multiple Choice

-What happens as the result of a shortage?

• A) There is downward pressure on prices.
• B) There is upward pressure on prices.
• C) Consumers begin to view the good as an inferior good because they have a hard time finding it.
• D) Supply of the good decreases.

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Definitions:

Book Value Per Share

A financial measure that indicates the per share value of a company based on its equity available to shareholders.

Fixed Assets

Long-term tangible pieces of property that a firm owns and uses in its operations to generate income.