Rationing is-09098
Rationing is
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.2.
Rationing is
the allocation of a limited supply of a good or resource among users who would like to have more of it.
a function that can only be performed by market prices.
a function that is unnecessary except in cases where markets are used to allocate goods and resources.
essential only when the price of a product is set above market equilibrium.
