Multiple Choice
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Figure 4.3
-Refer to Figure 4.3. A nonprice rationing system such as queuing must be used to ration the available supply of pencils if the government will not allow retailers to charge more than ________ for a pencil.
A) $0.40
B) $0.45
C) $0.50
D) $0.55
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Refer to the information provided in Figure
Q3: Refer to the information provided in Figure
Q4: The government imposes a price floor on
Q5: Refer to the information provided in Figure
Q6: Refer to the information provided in Figure
Q7: Refer to the information provided in Figure
Q8: Refer to the information provided in Figure
Q9: Refer to the information provided in Figure
Q10: Refer to the information provided in Figure
Q11: The price system ultimately determines the allocation