This topic contains a solution. Click here to go to the answer

Author Question: In economics, the term shortage means that the quantity demanded is greater than the quantity ... (Read 79 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
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
Answer to Question 1

True

Answer to Question 2

False




vHAUNG6011

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


carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library