Solving Quadratic Equations: Completing the Square
Question 4 of 39 • EA Academy Civics 9
Which scenario best describes how scarcity affects a producer’s decision about who to produce for?
Answer
A
Several popular sites on the internet have featured products made with a particular kind of bead. The popularity of the products has led to a shortage of these beads. Tons of Beads uses the same beads to make beaded jackets and shoes. The shortage has forced the company to switch to a new kind of bead.
B
High demand and delays in production due to poor weather conditions have driven up the cost of oil. Acme uses oil-based products in its manufacturing. As a result, the company has had to raise prices on many of its products. This has resulted in some customers being forced to stop buying the products.
C
The economy has declined, with many people out of work. The very wealthy, however, have been doing well through the downturn. A jewelry company decides to produce a new line of expensive jewelry.
D
It was a very good year for growing apples. As a result, grocery stores have lots of apples to sell. Stores have lowered their prices on apples to attract customers. This has led to a sizeable increase in apple sales.