Which of the following accurately describes a shortage?
a) consumer demand for a certai...
Which of the following accurately describes a shortage?
a) consumer demand for a certain car is greater than the number of cars that can be produced.
b) the cost of producing a car is higher than the sale price of the same car.
c) a scarcity of natural resources pushes car companies into researching alternative fuels.
d) a car company tries to charge too high a price for a car and has to offer a rebate.
Answers: 2
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