A person goes into a store and buys a computer for $1,210.In this case,price is acting as a
A) resource.
B) good.
C) rationing device.
D) capital instrument.
E) factor of production.

Question

Quizplus · Accepted Answer

Price acts as a rationing device by determining who can and cannot afford to purchase goods or services based on their cost. In this scenario, the price of the computer ($1,210) determines whether the person can afford to buy it or not, effectively rationing the computer to those who have sufficient money.

A Person Goes into a Store and Buys a Computer