TUTORIAL 2 – Solutions CHAPTER 4 (The Market Forces of Demand and Supply) 1. Updated 6/23/2016 12:52:54 PM. having a sale on soda because there are too many cases on the shelf the price of grain going down when supplies are scarce the price of oil going up because more people are driving cars not having enough of … shortage definition: 1. a situation in which there is not enough of something: 2. a situation in which there is not…. Which of the following is an example of using physical capital to save time and money? Cash Shortage Is Considered As An Item That Lowers The Potential For Fraud II. d. Workers are not available because they are on vacation. See answer perezsamantha3oqr0za is waiting for your help. Gasoline was rationed in America during World War II. For example, a lack of affordable homes is often called a housing shortage. Which of the following is an example of a shortage? Which of the following is an example of a market? a. a popular toy is sold out during the busy holiday season. A person wants an endless supply of everything but cannot have it is an example of scarcity, rather than shortage. Not enough, not sufficient. 43. Economic shortages caused by higher transaction costs and opportunity costs (e.g., in the form of lost time) also mean that the distribution process is wasteful. Which of the following is an example of scarcity rather than shortage? s. Log in for more information. D. not having enough of one brand of soda in the store on Saturday because of a sale on 11. a. the price of oil going up because more people are driving cars b. the price of grain going down when supplies are scarce c. having a sale on soda because there are too many cases on the shelf *d. not having enough of one brand of soda in the store because of a sale Type: MC Objectives: ECON-1.1.1 A popular toy is sold out during the busy holiday season. a) the demand for roofs is higher than the number of people willing to do roofing b) roofers demand more pay for the work they are doing c) the number of roofers is higher than the roofing jobs available d) there are more roofing material being manufactures than there are houses that need them Extremely hot temperatures lead to increased air-conditioner use and power outages In a cost/benefit analysis, what would be the benefit of taking the Dallas North Tollway instead of Routes 75 and 380? One example of a physical rather than a chemical change of physical states. Which of the following is an example of scarcity, rather than shortage? Select The Correct Answer Below K Of Rain In San Diego, California, The Amount Of Water For Families Is Limited. • Which of the following are examples of job amenities? shortage. Which of the following is an example of a job surplus? Answers: 1 on a question: Which of the following is an example of scarcity, rather than shortage? A person wants an endless supply of everything but cannot have it. Asked 11/14/2013 8:56:09 AM. Law of demand c. A type of doll is not available because a limited number were made. Explanation: If there is a shortage, there is not enough supply for the demand. Which of the following is an example of a shortage? If The Government Were To Set A Maximum Legal Price On Gasoline, Then There Would Be A Shortage Of G O Income Taxes Should Be Reduced. b. Kumquats are not available because few people want to buy them. A popular toy is sold out during the busy holiday season. Click again to see term . A person wants an endless supply of everything but cannot have it. c. a person wants an endless supply of everything but cannot have it. Tap card to see definition . The demand for potatoes is greater than the amount of potatoes farmers can grow Which of the following would explain why a company would ship more of its products by truck when the price of diesel fuel decreases but park those same trucks as the fuel price increases? annalieseholland annalieseholland Answer: Consumers cannot find enough of a popular new toy in stores. A.) Which of the following is an example of an unintended consequence of price controls? What does shortage mean? In economic terms, however, this is not considered a shortage; in any market economy there will always be people who cannot afford certain products. The Price Of Gasoline Came Down Sharply During The Second Half Of 2006. A. the purchase and sale of fruit and vegetable in a shopping centre B. the purchase and sale of software over the internet C. the purchase and sale of illegal drugs in secret locations in a city D. all of the above ANS: D TOPICS: Markets 2. Question: Question2 Which Of The Following Is NOT An Example Of Scarcity? What is an example of a shortage? For example, a price ceiling may cause a shortage, but it will also enable a certain percentage of the population to purchase a product that they couldn't afford at market costs. You may need to download version 2.0 now from the Chrome Web Store. An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. Learn more. You have spent your last penny and payday is a week away. Question: Question 13 (2 Points) Which Of The Following Is An Example Of A Normative, As Opposed To Positive, Statement? political-legal Which of the following is the BEST example of a shortage? 11) Which of the following is an example of a shortage? Delisting From A Stock Exchange Isn't An Example Of Red Flags Of Financial Statement Fraud. A. (a) A price ceiling on gasoline that causes a gas shortage. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. 1 Questions & Answers Place. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Gasoline was rationed in America during World War II. 17. Tap again to see term . Start studying Chapter 6: Price Controls. D) surplus of this product and the price should rise. quantity supplied and quantity demanded are not equal. Water cannot be used to irrigate one crop because it is used for another. a. Over-fishing can result in a scarcity of a type of fish. Your IP: 128.199.55.74 Which of the following is an example of scarcity, rather than shortage? a. a child-care center at work b. health insurance benefits c. pleasant working conditions d. a workplace gymnasium e. all of the above ANS: E PTS: 1 Exhibit 16-1 Several congressmen and senators have been greatly concerned about the fairness of salaries in the marketplace. An example of a shortage is limited amounts of. The price of grain going down when supplies are scarce C. Having a sale on soda because there are two many cases on the shelf D. Not having enough of one brand of soda in the store on Saturday because of a sale on store on Saturday Which of the following is an example of a shortage? Some examples of shortages in different markets include the following: Cocoa Shortage As of 2016, chocolate makers face a shortage of cocoa beans because of … lowering workers’ wages to increase profits B. ... 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