A Shortage Causes the

question 483

Multiple Choice

A shortage causes the

• A) demand curve to shift leftward.
• B) supply curve to shift rightward.
• C) price to fall.
• D) price to rise.

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Definitions:

Intellectual Skills

The capabilities related to thinking, reasoning, and understanding that are used to solve problems, make decisions, and grasp complex ideas.

Psychometric

Pertaining to the measurement of mental traits, capacities, and processes through standardized psychological tests.

Individual Differences

Variabilities in psychological traits, abilities, and behaviors among individuals.

Logical Reasoning

The process of using a rational, systematic series of steps based on sound mathematical procedures and given statements to arrive at a conclusion.