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Which of the Following Best Describes an Economic Problem Related

Question 64

Multiple Choice

Which of the following best describes an economic problem related to scarcity and choice?


A) A store has too much of a product in stock and customers are not interested in it. The store owner has to decide whether to lower or raise the price.
B) A store has too little of a product in stock and customers are very interested in it. The store owner has to decide whether to lower or raise the price.
C) A company needs quality workers but is having difficulty finding people.
D) The price of gas increases because of limited oil supplies. A resident of a major city has to decide whether to drive to work or take public transportation.

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