-Which of the Following Situations Could Generate a Shortage

question 290

Multiple Choice

-Which of the following situations could generate a shortage?

• A) Demand for a good increases, resulting in a new higher market clearing price.
• B) Demand for a good decreases, resulting in a new lower market clearing price.
• C) Demand for a good increases, but the price is not permitted to rise.
• D) Demand for a good decreases, but the price is not permitted to fall.

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Definitions:

Ginseng

A plant root often used in traditional medicine, believed to boost energy, reduce stress, and promote overall health.

Spontaneous Bleeding

Unexplained bleeding that occurs without an apparent cause or injury.

Warfarin

A medication commonly used as an anticoagulant to prevent the formation of harmful blood clots.

Mega Doses

Extremely large doses of vitamins, minerals, or medications, typically much higher than the recommended amount.