Multiple Choice
It is necessary to ration a good whenever ________ exists.
A) excess demand
B) excess supply
C) a surplus
D) market equilibrium
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q78: Refer to the information provided in Figure
Q79: A minimum price, set by the government,
Q80: The benefit of a price floor to
Q81: Related to the Economics in Practice on
Q82: Refer to the information provided in Figure
Q84: Refer to the information provided in Figure
Q85: For a particular product, an effective price
Q86: Producer surplus is<br>A) the difference between the
Q87: When there is overproduction in a market,<br>A)
Q88: Favored customers receive special treatment from dealers