--%>

Arises automobile prices

Assume you came across the given headline in a story of a daily newspaper: "Automobile prices are so high right now that there have to be a shortage. As a result not everyone who needs an automobile will be capable to buy one." Is this statement correct?
First of all we ought to conclude that all buyers who desire to buy automobiles at the prevailing prices will be capable to do so. Of course there will be others who are just unwilling or unable to pay the current price. Second, we cannot say that there is a shortage at the present price. If there were then the price would merely rise to choke of the excess demand.

   Related Questions in Biology

  • Q : Importance of Motivation -

    The importance of motivation arises from its effects on organizational functions: 1)     Motivation sets in motion the action of people: in every organization there are physical, financial and human resources. The utilization of physic

  • Q : Difference among MIS and ERP Difference

    Difference among MIS and ERP: MIS: It is stand for Management Information System It generates reports on user demand MIS for the Decision making reports Gather data from all department then produce the

  • Q : Functions of connective tissues State

    State general functions of the connective tissues?

  • Q : Internal epithelium of the bowel Is it

    Is it possible that the internal epithelium of the bowel remains the same as it was one month ago?

  • Q : Explain Service Design-Delivery Service

    Service Design/Delivery: It is all about creating the service you deliver helpful, usable, proficient, effective and desirable. It is not intangible or concerning the feeling you give customers or users. It is abou

  • Q : Define the term epithelial tissues

    Define the term epithelial tissues? What is their general function and how is that function related to the characteristics of the tissue?

  • Q : Group Effectiveness - Organization

    Each of the four group decision techniques has its own set of strengths and weaknesses. The choice of one technique over another will depend on what criteria you want to emphasize and the cost-benefit trade-off. An effective group can be defined as one, which, over extended periods of tim

  • Q : Functions of

    What are the relevant functions of phospholipids, carbohydrate and proteins of the cell membrane?

  • Q : Functions of codons As among the 64

    As among the 64 codons of mRNA, 61 codify amino acids which form polypeptide chains. Describe the functions of the three remaining codons?

  • Q : Significance of proteins for the living

    What is the significance of proteins for the living beings?