Friday
October 31, 2014

Homework Help: economics

Posted by adrina on Friday, January 20, 2012 at 7:40pm.

While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of
a) scarcity
b) shortage

Im confused !

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A department store purchases an mp3 player for $50. To sell the mp3 ...
English - 1. Where do you buy a scarf? -I buy it at the department store. 2. ...
Statistics - John runs a computer software store. Yesterday he counted 127 ...
English - 1. If you want to buy books, to which floor do you have to go? - I ...
7th grade math Ms. Sue last two questions thanks - 15. In Store A, a book that ...
Math - Store A usually sells a jacket for $72 but today I can buy it for $40. ...
pre-algebra - You are researching the price of MP3 players. You found an average...
algebra1 - Lisa wants to purchase calculators. At one store, she can buy a set ...
Math - Henry went to two different music stores to buy some new CDs. At Store A ...
math - a CD player currently sells for $80. The owner of the store suggests a 9...

Search
Members