A Shortage Occurs When

question 226

Multiple Choice

A shortage occurs when:

• A) the price of a good is too high.
• B) a market is at equilibrium.
• C) the quantity supplied is zero.
• D) the quantity demanded is greater than the quantity supplied.

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Definitions:

Business Letter

A formal document used for communication between companies or between a company and its clients, suppliers, or other stakeholders.

Closing

In business, refers to the final steps in completing a transaction or deal; in medicine, it can refer to the suturing or sealing of a wound or surgical incision.

Return-To-Work

A program or policy designed to help employees transition back to work after an illness, injury, or medical leave.

Medical Office

A workplace for healthcare professionals where patients receive outpatient medical services and consultations.