Suppose that a price ceiling is imposed because the market equilibrium is perceived to be too high. Which of the following rationing schemes makes no sense?

Question

Quizplus · Accepted Answer

Rationing fish to those willing to pay the highest price contradicts the purpose of a price ceiling, which is to make goods more affordable and prevent prices from being too high. This method essentially bypasses the price ceiling by favoring those who can pay more, which is contrary to the intent of making the good accessible at a lower cost.

Suppose That a Price Ceiling Is Imposed Because the Market