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.
b
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"Discouraged workers" comprise the percentage of those in the: a. labor force who are employed and are seeking employment
b. labor force who have chosen early retirement because they dislike their work. c. adult population who want to be employed but have given up the search for a job. d. labor force who are looking for a job but cannot find one. e. adult population who are in the labor force.
What can cause the price of a good to rise?
A. An increase in demand or a decrease in supply B. An increase in demand or an increase in supply C. A decrease in demand or an increase in supply D. A decrease in demand or a decrease in supply