If There Is a Shortage of Product X, and the Price

question 12

Multiple Choice

If there is a shortage of product X, and the price is free to change,

• A) fewer resources will be allocated to the production of this good.
• B) the price of the product will rise.
• C) the price of the product will decline.
• D) the supply curve will shift to the left and the demand curve to the right, eliminating the shortage.

---

Definitions:

Sucking Rate

A measure often used in developmental psychology to assess newborns' and infants' information processing capabilities by monitoring the frequency of their sucking behavior.

The Cat In The Hat

"The Cat In The Hat" is a classic children's book written by Dr. Seuss that features a mischievous cat in a tall, striped hat who causes chaos for two children when their parents are away.

Ultrasound Technologies

Techniques that use sound waves to create images of the inside of the body, commonly utilized in medical diagnostics, particularly in pregnancy.

Developing Organism

Refers to an entity, typically in the early stages of life, that is growing and developing, including humans, animals, or plants.