Which of the following accurately describes a shortage?

a) Consumer demand for a certain car is greater than the number of cars that can be produced.
b) The cost of producing a car is higher than the sale price of the same car.
c) A scarcity of natural resources pushes car companies into researching alternative fuels.
d) A car company tries to charge too high a price for a car and has to offer a rebate.

"Consumer demand for a certain car is greater than the number of cars that can be produced" is the one among the following that accurately describes a shortage. The correct option among all the options that are given in the question is the first option or option "a". I hope the answer helps you.

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majocgonzalez majocgonzalez · Answer 2 · 2019-11-21T16:48:12+01:00

Answer:

a) Consumer demand for a certain car is greater than the number of cars that can be produced.

Explanation:

A shortage is a situation in which the demand of a product is higher than the quantity that can be supplied. The causes of a shortage include the government imposing price controls, a decrease in the supply and a increase in the demand. These causes generate that the market is not in equilibrium and customers want to buy more products than the ones available. According to this, which accurately describes a shortage is: consumer demand for a certain car is greater than the number of cars that can be produced.