Which of the following accurately describes a shortage?
a)consumer demand for a certain car i...
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: 1
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