Suppliers recognize there is a shortage in the market for their product when they notice that
a. the quantity supplied exceeds the quantity demanded.
b. the quantity demanded is falling.
c. inventories are falling.
d. production exceeds new orders for the product.
e. government economists announce a shortage exists.
C
Economics
You might also like to view...
In financial markets, leverage refers to:
A) the use of borrowed money in an investment B) the power to influence the market C) the use of political connections in attaining financial outcomes D) the role that speculators have in impacting market outcomes
Economics
In the eighteenth century, the rise of manufacturing in New England helped the region attract more settlers than the other regions of the English colonies
Indicate whether the statement is true or false
Economics