Multiple Choice
The existence of a shortage
A) means resources are being allocated efficiently.
B) is impossible in a market economy.
C) pushes the price up.
D) pushes the price down.
Correct Answer:
Verified
Related Questions
Q250: When there is a surplus in the
Q251: When the price of a good is
A)
Q252: If the quantity supplied exceeds the quantity
Q253: If the quantity demanded exceeds the quantity
