If There Is a Shortage at a Given Price,then

question 58

Multiple Choice

If there is a shortage at a given price,then

• A)That price is the equilibrium price.
• B)That price is greater than the equilibrium price.
• C)That price is less than the equilibrium price.
• D)There is no equilibrium price in the market.

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Definitions:

Merchandise

Goods that are available for sale in retail, encompassing a wide range of products from clothing to electronics.

Direct Channel

A distribution method where a company sells its products or services directly to consumers, bypassing intermediaries.

Ultimate Consumers

The final users or purchasers of a product or service, typically individuals who buy for personal, family, or household use.

Producers

Individuals or organizations that create goods or services for sale to consumers or other businesses.