If There Is a Shortage in the Market for Automobiles

question 12

Multiple Choice

If there is a shortage in the market for automobiles, then

• A)producers' inventories will rise
• B)the price should begin to rise
• C)the demand curve will shift to restore equilibrium in the market
• D)the supply curve will shift to restore equilibrium in the market
• E)the price is expected to fall

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Definitions:

Generalizability

Generalizability is the extent to which research findings and conclusions can be applied to other settings, groups, or situations beyond the original study.

Research Findings

These are the outcomes or results obtained from conducting scientific studies, experiments, or research, which can contribute to the existing knowledge on a topic.

Interaction

Situation in which the effect of one independent variable on the dependent variable changes, depending on the level of another independent variable.

Generalized

The extension of findings from a sample to a larger population, making broader inferences.