When will a shortage occur in a market?
a. When the actual price is lower than the equilibrium price
b. When quantity supplied is greater than the equilibrium quantity
c. When the quantity that consumers are willing and able to purchase decreases
d. When the quantity available at zero price is insufficient to meet demand
e. When a price floor is set in the market
a
Economics
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Which of the following can be used as money?
A) silver B) emeralds C) coconuts D) all of the above
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Antitrust action in the United States
a. has followed an inconsistent pattern of enforcement b. has always provided specific guidelines for acceptable behavior c. applies only to natural monopolies d. involves suing a competitive firm for changing its prices e. provides protection to those in regulated industries
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