Which of the following statements is correct?

Question

Quizplus · Accepted Answer

DA) When there is a shortage in the market, prices tend to increase. This higher price encourages producers to supply more (increasing quantity supplied) and discourages consumers from buying as much (decreasing quantity demanded), helping to eliminate the shortage.D) The concept of making decisions behind a "veil of ignorance" is a principle from political philosophy, particularly associated with John Rawls. It suggests that to ensure fairness in decision-making about the principles of justice, one should make decisions as if they do not know their position in society (behind a wall or veil of ignorance), thus considering the collective satisfaction or welfare without personal biases.

Which of the Following Statements Is Correct