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-Which of the Following Situations Could Generate a Shortage

Question 290

Multiple Choice

  -Which of the following situations could generate a shortage? A)  Demand for a good increases, resulting in a new higher market clearing price. B)  Demand for a good decreases, resulting in a new lower market clearing price. C)  Demand for a good increases, but the price is not permitted to rise. D)  Demand for a good decreases, but the price is not permitted to fall.
-Which of the following situations could generate a shortage?


A) Demand for a good increases, resulting in a new higher market clearing price.
B) Demand for a good decreases, resulting in a new lower market clearing price.
C) Demand for a good increases, but the price is not permitted to rise.
D) Demand for a good decreases, but the price is not permitted to fall.

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