When There Is a Shortage of 1,000 Units of a Particular

question 75

Multiple Choice

When there is a shortage of 1,000 units of a particular good:

• A) the price of the good will rise.
• B) the price of the good will fall.
• C) the quantity demanded of the good will equal 1,000 units.
• D) there will be no change in the price of the good.

---

Definitions:

Chronic Strain Model

A conceptual framework that explains how persistent stressful conditions lead to chronic stress responses and potential health consequences.

Social Conventional Issues

Matters or topics related to societal norms, behaviors, and customs that dictate how individuals should conduct themselves in various contexts and social settings.

Middle Childhood

Middle childhood is the stage of human development that typically spans the ages of 6 to 12 years, characterized by significant growth in cognitive, emotional, and social abilities.

Social Status

Pertains to one's position or rank within a social hierarchy, which can be determined by factors like wealth, occupation, and education.