-When a Shortage Exists in a Market

question 190

Multiple Choice

-When a shortage exists in a market

• A) the market clearing price is above equilibrium and market forces will cause the price to fall.
• B) the quantity demanded is less than the quantity supplied at the existing price.
• C) the current price is below the market clearing price and the price will rise.
• D) the quantity supplied is greater than the quantity demanded at the current price.

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Definitions:

Instrumental Role

The breadwinner role of the father or husband who provides food and shelter for the family.

Expressive Role

The supportive and nurturing role of the wife or mother who sustains the family unit.

Breadwinner

An individual, typically a family member, responsible for providing the primary financial support for the household.

Structural-functionalism

A viewpoint in sociology that sees society as an intricate system in which its components cooperate to foster unity and steadiness.