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

Author Question: A shortage of product means a(n): a. excess supply of the product. b. excess demand of the ... (Read 154 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
A shortage of product means a(n):
 a. excess supply of the product.
  b. excess demand of the product.
  c. situation where the quantity demanded is less than the quantity supplied.
  d. situation where the quantity supplied exceeds the quantity demanded.
  e. situation where the current market price is too high.

Question 2

Tickets to the Indiana-Purdue basketball game are usually sold out in advance of game day. This suggests:
 a. the price of the tickets must be very high or else people would not consider them valuable.
  b. the price is set below the equilibrium level.
  c. the Indiana basketball stadium is relatively small.
  d. everyone who attends the game will enjoy it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

at

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 30, 2018
Gracias!

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do Surface magnetic field of SU Aur (a young star of T Tauri type), reconstructed by means of Zeeman-Do
How People Match Their Goals to Their Means How People Match Their Goals to Their Means
Deficiency/Vice, Mean/Virtue, Excess/Vice Deficiency/Vice, Mean/Virtue, Excess/Vice
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Who Oversees the Food Supply? Who Oversees the Food Supply?
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library