Question
What do economists mean when they speak of price as a rationing mechanism ? Question 37Select one: a.That all goods produced will be sold. b.Consumers
What do economists mean when they speak of price as a rationing mechanism?
Question 37Select one:
a.That all goods produced will be sold.
b.Consumers get the products they want at prices they can afford.
c.That shortages of goods in the market price will disappear as a result of price rising which results in the quantity demanded increasing and the quantity supplied decreasing.
d.That shortages of goods in the market price will disappear as a result of price rising which results in the quantity demanded decreasing and the quantity supplied increasing.
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