Supply and Demand Corrects a Shortage by ________

question 149

Multiple Choice

Supply and demand corrects a shortage by ________.

• A)raising the price to increase production
• B)raising the price to decrease production
• C)keeping the price the same but decreasing production
• D)reducing the product price to decrease production

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Definitions:

Consumerism

The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers.