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3 years ago

Which describes a situation in which a shortage occurs?

Business

2 answers:

Vaselesa [24]3 years ago

6 0

Consumers want more video-game systems than the company can make.

Dvinal [7]3 years ago

6 0

The correct answer is A. Consumers want more video-game systems than the company can make.

Explanation:

In the economy and related fields, a shortage occurs if the supply (units of a product available) is lower than the demand (consumers that want the product); this implies, the quantity of a product is not enough, and therefore just some consumers will be able to buy the product even if all want this product and can pay for it.

This situation occurs in "Consumers want more video-game systems than the company can make" because in this case, the number of consumers (demand) is higher than the number of video-game systems (supply) and therefore not all the possible consumers can have this product.

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Answer:

b. 5.75

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2 years ago

When British regulators were forced to suspend the license of a flu vaccine plant in Liverpool operated by the Chiron Corporatio

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Explanation:

The answer to this question is contained in the attachment. The graph has been used to explain the solution.

A. As license got suspended price rose to p1 as quantity fell from q to q1.

So quantity decreased and price rose.

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