Consider a Price-Controlled Good Allocated to Consumers on a First-Come,first-Served

Multiple Choice

Consider a price-controlled good allocated to consumers on a first-come,first-served basis.Consumers end up waiting in line to purchase the good,and this:

A) is more efficient,the higher the opportunity cost of the consumers' time in line.
B) is more equitable than handing out coupons.
C) is less efficient,the higher the opportunity cost of the consumers' time in line.
D) is less equitable than handing out coupons.