If a Shortage Exists in a Market Then

question 116

Multiple Choice

If a shortage exists in a market then:

• A) ​the price is below equilibrium.
• B) ​the quantity demanded exceeds the quantity supplied.
• C) ​ the price will rise in the near future.
• D) ​all of the above.

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Definitions:

Creativity

The ability to generate, create, or discover new ideas, solutions, and possibilities.

Information Overload

A state where an individual or system is overwhelmed by the quantity of information they receive, making it difficult to process or make decisions.

Susceptible

Likely to be influenced or harmed by a particular condition or phenomenon due to certain characteristics or vulnerabilities.

Marketing

The strategic business process of creating, promoting, and selling products or services, including market research and advertising.