If a Shortage Exists for a Good in a Free-Market

question 142

Multiple Choice

If a shortage exists for a good in a free-market economy,the:

• A)Price of the good will rise.
• B)Price of the good will fall.
• C)Government will order suppliers to increase the production of that good.
• D)Government must establish a rationing system to make sure that the good is fairly distributed.

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Definitions:

Palisade Mesophyll

The layer of vertically elongated cells found in the leaves of plants, rich in chloroplasts, where most photosynthesis occurs.

Spongy Mesophyll

A layer of loosely arranged, irregularly shaped cells in the leaf, allowing for gas exchange and containing chloroplasts for photosynthesis.

Chloroplasts

Organelles found in plant cells and other eukaryotic organisms that conduct photosynthesis, capturing light energy to produce ATP and reduce NADP to NADPH.

Apical Meristem

Meristem in the tip of a shoot or root; gives rise to primary growth (lengthening) in plants.