Rationing occurs for goods
A) that have a positive price.
B) that have a zero price.
C) that have a negative price.
D) that are not manufactured.

Question

Quizplus · Accepted Answer

Rationing occurs for goods that have a positive price because when demand exceeds supply, sellers may limit the quantity sold to each buyer in order to ensure that everyone who wants the product can obtain some of it. With a zero or negative price, there would be no need for rationing because the good would be freely available to everyone without any scarcity. Goods that are not manufactured would not be subject to rationing either.

Rationing Occurs for Goods