People give up eating pasta and bread because they want to lose weight
demand
Buying a second winter coat.
two or more producers are trying to sell the same good or service to the same consumers
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
Theres a shortage of oil, pushing car companies into researching alternative fuels
A shortage occurs when the quantity demanded for a good or service exceeds the quantity supplied at a given price, leading to a situation where not all consumers are able to purchase the product they desire. This can result in price increases as sellers try to balance the demand and supply.
budget deficit
demand
Buying a second winter coat.
two or more producers are trying to sell the same good or service to the same consumers
The government establishes a retirement program for its citizens.
monopoly
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
an executive agreement
going public
a realignment
Theres a shortage of oil, pushing car companies into researching alternative fuels