If There Is a Shortage in the Market for Athletic

question 92

Multiple Choice

If there is a shortage in the market for athletic shoes,

• A)the price should rise to eliminate the shortage
• B)inventories of athletic shoes will grow
• C)demand will decrease to restore equilibrium
• D)firms will reduce production to restore equilibrium
• E)supply will increase to restore equilibrium

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Definitions:

Affirmative Action

Policies or measures aimed at increasing the representation of historically disadvantaged groups in areas such as employment, education, and business, through positive steps towards inclusivity.

Affirmative Action

A policy or measure taken to increase the representation of minorities and women in areas of education, employment, and business from which they have been historically excluded.

Admission Policies

Guidelines and criteria set by educational institutions or organizations for selecting individuals for entry or participation.

Familism

A cultural value that emphasizes the importance of family ties, loyalty, and the well-being of the family above individual needs.