question: immediately before and after natural disasters demand may outstrip supply for certain products such as fresh water or gasoline. from an economic viewpoint, the most likely reason for the shortage is:
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a) suppliers can ot anticipate consumer demand
c) laws that prevent prices from rising to market clear levels
d)price floors for critical products
e) none of the above
Question Immediately Before And After Natural Disasters Demand May Outstrip Supply For Certain Products Such As Fresh W 1 (10.09 KiB) Viewed 37 times
immediately before and after natural disasters demand may outstrip supoly for certain products such as fresh water or gasoline. From an economic viewpoint, the most likely reason for such shortages is: suppliers cannot anticipate consumer demand. the price mechanism cannot react quickly enough O laws that prevent prices from rining to market clearing levels O price floors for critical products none of the above
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