If the Electronics Market Is Experiencing a Shortage in the Supply

question 135

Multiple Choice

If the electronics market is experiencing a shortage in the supply of mobile phones being sold at a cost that buyers are more than willing to pay for, then:

• A)​the selling price is higher than the equilibrium price.
• B)​the equilibrium price is higher than the selling price.
• C)​the quantity demanded is less than the quantity supplied.
• D)​the shortage could be eliminated by lowering the price.

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Definitions:

Energy π MO

Refers to molecular orbitals formed by the overlap of pi orbitals, affecting molecular stability and reactivity, particularly in conjugated systems.

Resonance Energy

The difference in energy between the actual structure of a molecule and the energy of the most stable resonance structure, indicating stability due to resonance.

Stability

The tendency of a chemical compound to maintain its original state or resist decomposition under specific conditions.

S-trans Conformation

A spatial arrangement in which substituent groups are on opposite sides of a double bond or single bond in a chain, leading to a more extended structure.