If the Electronics Market Is Experiencing a Shortage of Mobile

question 53

Multiple Choice

If the electronics market is experiencing a shortage of mobile phones, then:

• A)the current price is higher than the equilibrium price.
• B)the equilibrium price is higher than the current price.
• C)the quantity demanded is less than the quantity supplied.
• D)the shortage could be eliminated by lowering the price.
• E)the equilibrium price will adjust at a lower level in the short-run.

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Definitions:

Income Available

The amount of net income left over for the company after it has paid out dividends to its shareholders.

Common Shareholders

Individuals or entities that own shares of a company's common stock, granting them rights to vote on corporate matters and receive dividends.

Net Property, Plant, And Equipment

This term refers to the aggregate amount of a company's physical assets (property, plant, and equipment) minus any accumulated depreciation, representing the actual value of these assets on the balance sheet.

Total Dollar Amount

The aggregate or total value expressed in dollars; often refers to the total sum of money involved in a transaction or financial statement item.