menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 4: Demand and Supply Applications
  5. Question
    The Price System
Solved

The Price System

Question 51

Question 51

Multiple Choice

The price system


A) automatically distributes scarce goods.
B) is inefficient.
C) requires government help to allocate goods.
D) is the only way to allocate goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: The total of consumer plus producer surplus

Q47: An effective price ceiling will be set

Q48: The rationing mechanism in market economies is

Q49: Consumer surplus is<br>A) the difference between the

Q50: Refer to the information provided in Figure

Q52: Refer to the information provided in Figure

Q53: A price ceiling is<br>A) a minimum price

Q54: For a particular product, an effective price

Q55: Refer to the information provided in Figure

Q56: Refer to the information provided in Figure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines