Which of the following is evidence of a shortage of chocolate?
A) The price of chocolate is raised in order to increase sales.
B) Firms lower the price of chocolate.
C) The equilibrium price of chocolate falls due to a decrease in demand.
D) The quantity of chocolate demanded is greater than the quantity supplied.
D
You might also like to view...
In monopolistic competition, firms sell a differentiated product. In perfect competition, firms sell an identical product. How do these markets differ as a result?
What will be an ideal response?
The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
Suppose that the Republican candidate tells the Democratic candidate that he intends to run a positive campaign. The likely result is that:
A. both candidates will run a positive campaign. B. both candidates will run a negative campaign. C. the Republican candidate will run a positive campaign, and the Democratic candidate will run a negative campaign. D. the Republican candidate will run a negative campaign, and the Democratic candidate will run a positive campaign.
How have Tunisian women’s rights been transformed, if at all, since the Arab uprisings?
In the 1960s, there was significant debate between Keynesians and monetarists. Explain several aspects of this debate
What will be an ideal response?