imedietely before and after natura disasters demand may outstrip supply for certain products such as fresh water or gasoline. from an economic viewpoint, the most likely reason for such a shortage is. a suppliers cannot anticipate consumer demand b the price mechanism cannot react quickly enough c laws that prevent prices from rising to market-clearing levels. d price floors for critical products none of the above

imedietely before and after natura disasters demand may outstrip supply for certain products such as fresh water or gasoline. from an economic viewpoint, the most likely reason for such a shortage is. a suppliers cannot anticipate consumer demand b the price mechanism cannot react quickly enough c laws that prevent prices from rising to market-clearing levels. d price floors for critical products none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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