-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:

Immunization

A process that stimulates the body’s immune system by causing production of antibodies to defend against attack by a particular contagious disease. Creation of antibodies may be accomplished either naturally (by having the disease), by injection, by drops that are swallowed, or by a nasal spray.

Lethal Disease

A fatal illness capable of causing death.

Breast Milk

The milk produced by human breasts intended for infant feeding, rich in nutrients and antibodies.

Micronutrients

Essential vitamins and minerals required in small quantities for the proper functioning of the body's processes, including growth, development, and disease prevention.