Suppliers Recognize There Is a Shortage in the Market for Their

question 106

Multiple Choice

Suppliers recognize there is a shortage in the market for their product when they notice that

• A) the quantity supplied exceeds the quantity demanded.
• B) the quantity demanded is falling.
• C) inventories are falling.
• D) production exceeds new orders for the product.
• E) government economists announce a shortage exists.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and absorbed by plants in photosynthesis.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods with carbon dioxide and water.

Internal Concentration

The concentration of substances within a cell or organism in contrast to the external environment, crucial for maintaining homeostasis.

Hydrogen

The lightest and most abundant element in the universe, consisting of just one proton and one electron, and used in a variety of chemical and energy processes.