The concept of shortage as used by economists refers to A. a situation in which the
Fantastic news! We've Found the answer you've been seeking!
Question:
The concept of shortage as used by economists refers to
A.
a situation in which the available resources are not enough to satisfy the wants of the people
B.
a situation in which an item is available only in very small quantities
C.
a situation in which price is below equilibrium
D.
none of the above
Related Book For
1014 Practice Questions For The New GRE
ISBN: 9780375429682
2nd Edition
Authors: The Princeton Review
Posted Date: