This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In economics, the term shortage means that the quantity demanded is greater than the quantity ... (Read 92 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
In economics, the term shortage means that the quantity demanded is greater than the quantity supplied at the existing price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A shortage occurs when the quantity demanded exceeds the quantity supplied.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Excellent

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
How to solve equations containing rational exponents greater than 2 How to solve equations containing rational exponents greater than 2
Essential Foundations of Economics Plus Essential Foundations of Economics Plus
Economics question Economics question
Economics question Economics question
Economics question Economics question
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library