-What happens as the result of a shortage?
A) There is downward pressure on prices.
B) There is upward pressure on prices.
C) Consumers begin to view the good as an inferior good because they have a hard time finding it.
D) Supply of the good decreases.

Question

-What happens as the result of a shortage?
A) There is downward pressure on prices. 
B) There is upward pressure on prices. 
C) Consumers begin to view the good as an inferior good because they have a hard time finding it. 
D) Supply of the good decreases.

Quizplus · Accepted Answer

A shortage typically results in upward pressure on prices as demand exceeds supply, leading sellers to raise prices.

-What Happens as the Result of a Shortage