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AnnyKZ [126]
3 years ago
8

People are likely to pay less for an item during a shortage. True False

Advanced Placement (AP)
2 answers:
Irina-Kira [14]3 years ago
8 0
If a shortage exists, price must rise in order to entice additional supply and reduce quantity demanded until the shortage is eliminated.
kodGreya [7K]3 years ago
4 0

Answer:

False

Explanation:

If the supply for something is low and demand is high, the price will increase.

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NYU was founded on the belief that a student’s identity should not dictate the ability for them to access higher education. That
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To know more about experiences, please follow this link

brainly.com/question/16017095

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5 0
1 year ago
Match the following terms with the correct example:
Sav [38]

Answer:

1. Farmers markets ⇒ Local Food Movements

Local food movements aim to connect consumers and farmers of the same locality such that the local economy grows, consumers get fresh food and the farmers get to sell their produce. Farmers markets are a broad feature of these movements.  

2. Free range chickens ⇒ Value-added speciality crops, organic farming.

Free range chickens are allowed to graze for themselves instead of being fed industrial food. This means that they were farmed organically.  

3. Food subscription services ⇒ Community-supported Agriculture.

Community-supported agriculture works by connecting consumers and farmers such that the consumers can subscribe to the farmer's harvest.  

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As the term implies, a people in a food desert will be unable to get fresh food in their area because much like a desert which lacks certain resources, their area lacks food.  

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Some people have taken to urban farming where they farm in the cities and towns. As these areas do not have enough areas to farm, people have had to improvise and rooftop farming is one of the ways they did.  

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Farmers getting paid the right or close to the right wages for the work they put in especially from Less Developed Countries (LDC) means they are getting a fair trade because they are receiving enough or close to enough compensation for their work.

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