When a Shortage Exists

question 129

Multiple Choice

When a shortage exists

• A)the price is below the market clearing price.
• B)quantity demanded exceeds quantity supplied.
• C)an excess quantity demanded exists.
• D)all of the above

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Definitions:

Federal Infringement

Federal Infringement refers to actions by the federal government that overstep or violate constitutional rights or powers reserved to the states or individuals.

Assassinated

The act of killing a prominent or public figure, often for political reasons.

Assassination Plot

A plan or conspiracy to murder an important person, often a political leader or public figure, usually for ideological or political reasons.

Exiled Confederates

Refers to members of the Confederate States who fled the United States after the Civil War, often to countries such as Mexico or Brazil, to escape repercussions or continue their lives.