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MCA Economics (027) Practice Tests & Test Prep by Exam Edge

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MCA Social Science Multi-Content - Economics Sample Test

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Harris Lament, from the sitcom Barney Miller, is an example of inherent scarcity. Ron Harris, a character in the sitcom, complains that "all the good ones are taken" when searching for an apartment in New York.

The relationship between apartments and apartment seekers is an example of which of the following concepts?

Correct Answer:

supply and demand.

the relationship between apartments and apartment seekers highlighted in the sitcom barney miller, specifically through the character ron harris's struggle to find a good apartment, exemplifies the economic concept of supply and demand. this concept describes how the price and availability of goods and services are determined by the balance between the quantity of goods or services available (supply) and the desires of those with purchasing power at a certain price level (demand).

in the scenario from the sitcom, ron harris laments that "all the good ones are taken" when searching for an apartment in new york. this statement reflects a situation where the demand for "good" apartments exceeds the supply. in such markets, especially in a densely populated and highly desirable area like new york city, good apartments are scarce, leading to high competition among apartment seekers. this scarcity and high demand can drive up the prices, making it even harder for individuals to find suitable housing within their budget.

the concept of supply and demand is fundamental in explaining why certain goods, like desirable apartments in a major city, become difficult to obtain without paying a premium price. the imbalance between supply (limited number of good apartments) and demand (high number of seekers) creates a competitive market where only those willing or able to pay higher prices can secure the best options.

thus, the correct answer to the question regarding the relationship between apartments and apartment seekers, as depicted in the sitcom, is "supply and demand." this selection accurately captures the economic forces at play in the housing market scenario described in barney miller, where inherent scarcity of desirable living spaces leads to a classic supply and demand challenge.