In the Short Run, It Is Necessary to Nonprice Ration

question 33

Multiple Choice

In the short run, it is necessary to nonprice ration a good whenever ________ exists.

• A) excess demand
• B) excess supply
• C) a surplus
• D) market equilibrium

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Definitions:

Red Algae

A group of primarily aquatic photosynthetic organisms known for their reddish pigments, which allow them to live at greater depths than many other photosynthetic species.

Green Algae

A diverse group of photosynthetic organisms found in various aquatic environments, considered important precursors to land plants and characterized by green chlorophyll pigments.

Brown Algae

A group of photosynthetic, multicellular marine algae, including many seaweeds, in the class Phaeophyceae.

Malaria

A life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes.