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When There Is a Shortage of 100 Units of a Particular

Question 187

Multiple Choice

When there is a shortage of 100 units of a particular good,


A) the law of supply predicts upward pressure on the price of the good from its current level.
B) the law of demand predicts downward pressure on the price of the good from its current level.
C) we say that there is a scarcity of 100 units of the good.
D) None of the above is correct.

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