Multiple Choice
In a market, the rationing function of prices results in
A) long queues or waiting lines.
B) a price ceiling.
C) equilibrium.
D) a shortage or surplus.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: A decrease in demand and an increase
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Suppose that 20,000
Q35: What would happen in the market for
Q75: If one day it was discovered that
Q89: The income of consumers increases. and the
Q95: The price of milk increases. Which of
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5016/.jpg" alt=" -Refer to the
Q97: In a market system, the costs associated
Q149: If equilibrium price falls and the equilibrium
Q172: The market clearing price of corn has