It is necessary to ration a good whenever ___________ exists.

Question

Quizplus · Accepted Answer

Rationing is the process of distributing a limited supply of a good or service among a larger population. It becomes necessary to ration a good whenever there is excess demand, which means that the demand for the good exceeds the available supply. In such situations, rationing may be done through methods like price controls, waiting lists, or allocation based on need or priority.

It Is Necessary to Ration a Good Whenever ___________ Exists