When There Is a Shortage in a Market

question 122

Multiple Choice

When there is a shortage in a market:

• A) there is downward pressure on price
• B) there is upward pressure on price
• C) the market could still be in equilibrium
• D) the price must be above equilibrium

Understand the concept of chirality and achirality in molecules.

Identify and predict the optical activity of molecules.

Distinguish between enantiomers and diastereomers.

Apply the Cahn-Ingold-Prelog priority system to assign R and S configurations to chiral centers.

---

Definitions:

Strike Activity

Refers to the actions taken by workers, typically organized by labor unions, to cease work in order to protest for better wages, working conditions, or other labor-related issues.

Permanent Strike Replacements

Workers hired to permanently take the positions of striking workers, a tactic sometimes used by employers during labor disputes.

Lockout

An action taken by employers to prevent employees from entering the workplace, typically during a labor dispute to pressurize the labor side.

Secondary Boycott

A form of protest where the union encourages both its members and the general public not to buy products or services from a company that is involved in a dispute.