Examlex

Solved

Explain Why the Price of a Good Tends to Rise

question 36

Essay

Explain why the price of a good tends to rise when there is a shortage of the good.Give a hypothetical numerical example to help support your answer.


Definitions:

Microsoft Access

A database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Records

Documents or files that preserve information or data for future reference, legal compliance, or historical purposes.

Attributes

Characteristics or properties of an object, element, or file that define its state, appearance, or value.

Unstructured Data

Data that do not reside in a traditional relational database.

Related Questions