The expected reaction to a shortage is a reduction in:

Name: The expected reaction to a shortage is a reduction in:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A shortage typically leads to an increase in price, which in turn reduces quantity demanded, helping to eliminate the shortage. However, the question asks for the direct reaction to a shortage, not the subsequent effects, making C the correct answer as it directly addresses the expected reaction without implying a cause (like price changes) that would affect supply or demand.

The Expected Reaction to a Shortage Is a Reduction In