A Good or Service Becomes Scarcer Over Time If

question 85

Multiple Choice

A good or service becomes scarcer over time if:

• A)the difference between the quantity demanded and the quantity supplied at a zero price decreases.
• B)the excess of the quantity demanded over the quantity supplied at a zero price increases.
• C)the economy is capable of producing more goods and services.
• D)people begin to reduce their requirements for the goods and services that are actually available
• E)the amount of a good available equals the amount desired

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Definitions:

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; the traditional nucleus of society.

Ethical Principles

Guidelines and standards used to determine what is right and wrong in a moral sense, often applied in professional contexts.

Treatment Group

A group of individuals receiving specific interventions or therapy together, typically to address common issues or conditions.

Task Groups

Groups formed with the specific aim of accomplishing a defined task or project.