--%>

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 : Define Parallel operating systems

    Parallel operating systems: These systems are employed to interface multiple networked computers to finish tasks in parallel. The architecture of the software is frequently a UNIX-based platform that permits it to coordinate distribut

  • Q : Sensitive indicator for a Re-Myocardial

    What is the best specific and sensitive indicator for a Re-Myocardial Infartion (or Post MI)?

  • Q : Immune sera or anti sera What is meant

    What is meant by the term Immune sera or anti sera? Briefly explain it.

  • Q : Classifcation of arthropods-germ

    Regarding germ layers and the existence of coelom how arthropods are characterized? Answer: Arthropods are triploblastic (that is, they have three germ layers) and a

  • Q : Define the term direct development

    Define the term direct development? Is there a larval phase in the planarias?

  • Q : Problem on Integrated Marketing

    Prepare a 4-5 page report, addressing the following; A) Discuss the company’s advertising strategy and how it aligns with its marketing goals.B) Discuss how the effectiveness of the advertising will be measured.C) Discuss the promotional strategies that may used in addit

  • Q : What Personality Should Include in

    According to Ruche, it should contain: I. External appearance and behavior or social stimulus vague; II. Inner awareness of self as a permanent organizing force; and III. The particular pattern or organization of measurable traits, both inner and outer. Schiff man

  • Q : Describe secondary mediators Describe

    Describe secondary mediators?

  • Q : What is Automated Voice Response or AVR

    Automated Voice Response (AVR): Commonly abbreviated as AVRS is another word for the more general definition (interactive voice response). It is a computer telephony phone application and hardware which accepts voice input and or touch-phone keypad ch

  • Q : The 5 Traits Models of Personality -

    The big five traits have been found to be related to job performance. The descriptive characteristics of these traits have been summarized as follows: 1) Extroversion reflects a person's comfort level with relationships. Extroverts are sociable, talkative, assertive, and open to establish