If a good is rationed, we can assume that
A) quantity supplied is greater than quantity demanded
B) the price of the good is above its equilibrium level
C) a price floor has been imposed on the market
D) an excess supply of goods exists
E) quantity supplied is less than quantity demanded
Correct Answer:
Verified
Q72: Q73: Governments typically intervene in markets Q74: If a price ceiling is imposed, Q75: One likely result of a price ceiling Q76: To ration a good means that Q78: An excess demand in a market implies Q79: One method of addressing an excess demand Q80: A ration coupon is generally used Q81: Which of the following represents the best Q82: An unintended consequence of rent control has
A) to bring
A) the
A) some
A) to
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