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PilotLPTM [1.2K]
4 years ago
12

Shortage is _____.

Business
2 answers:
Rainbow [258]4 years ago
7 0

Answer:

C. a situation in which quantity demanded is greater than quantity supplied

Explanation:

I just got 100% on this test

GradPoint

viktelen [127]4 years ago
3 0
Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"

Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food. 
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* Present value of the investment plan lasting until she turns 68:

[ 24 / (7%:52) ] x [ 1 - (1+ (7%/52)^(-2,600) ] = $17,289.

* To have the same retirement nest egg at age 68, the present value of the investment plan lasting until she turns 47 should be equal to $17,289. Denote x is the weekly investment under the shorter investment scenario, we have:

[x / (7%:52) ] x [ 1 - (1+ (7%/52)^(-1,508) ] = $17,289 <=> x = $26.80.

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