Suppliers Recognize There Is a Shortage in the Market for Their

question 106

Multiple Choice

Suppliers recognize there is a shortage in the market for their product when they notice that

• A) the quantity supplied exceeds the quantity demanded.
• B) the quantity demanded is falling.
• C) inventories are falling.
• D) production exceeds new orders for the product.
• E) government economists announce a shortage exists.

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Definitions:

Compress

To press together or into less space.

Prime Mover

Muscle that plays a major role in accomplishing a movement.

Cause Movement

The initiation of change in position or motion in response to external or internal stimuli.

Named

Designated or given a specific title.