According to the above figure, a shortage will occur at a price at which
A) quantity demanded equals quantity supplied.
B) quantity demanded exceeds quantity supplied.
C) quantity supplied exceeds quantity demanded.
D) government sets a price above equilibrium.
B
Economics
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Explain the concepts of absolute advantage and comparative advantage. Is it possible for a firm to have an absolute advantage in producing something without having a comparative advantage? Why or why not?
What will be an ideal response?
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If a customer deposits $10,000 in currency into a checking account, the bank's total reserves ________
A) increase B) do not change C) are greater than 100 percent D) decrease
Economics