menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 4: Extensions of Demand and Supply Analysis
  5. Question
    In a Market, the Rationing Function of Prices Results in
Solved

In a Market, the Rationing Function of Prices Results in

Question 234

Question 234

Multiple Choice

In a market, the rationing function of prices results in


A) long waiting lines.
B) a price ceiling.
C) an equilibrium between supply and demand.
D) a shortage or surplus.

Correct Answer:

verifed

Verified

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

Related Questions

Q229: Price floors<br>A) provide free market incentives for

Q230: A price ceiling set above the equilibrium

Q231: Why does an economy need a rationing

Q232: Suppose that the supply curve remains unchanged.

Q233: Following adjustments to a new equilibrium in

Q235: Which of the following is most likely

Q236: A price ceiling is<br>A) the lowest price

Q237: Suppose the price of pepperoni falls. In

Q238: In September 2005, destruction to U.S. gasoline

Q239: An example of a quantity restriction is<br>A)

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