Franco Takes a Shortcut Across Simone's Yard on His Way

question 39

True/False

Franco takes a shortcut across Simone's yard on his way to school. Even if Simone gives Franco permission to use her yard as a shortcut, Franco has still trespassed on Simone's property.

---

Definitions:

Persistent Shortages

An economic condition where the demand for a good or service consistently exceeds its supply, often due to factors like price controls, causing prolonged scarcity.

Normal Goods

Goods for which demand increases as the income of consumers increases.

Incomes

refer to the earnings received by individuals or households, including wages, salaries, benefits, and returns from investments.

Equilibrium Price

The cost level at which the supply of products equals the demand for those products in the market.