Multiple Choice
What is meant by rationing?
A) A method of product allocation in which producers decide which customers obtain a product.
B) A method of product allocation in which customers receive quantities according to the amounts which they are prepared to pay.
C) A method of product allocation in which the government buys all of a product and directly distributes it to the public.
D) A method of product allocation by the issuance of coupons by the government guaranteeing a certain quantity per family.
Correct Answer:
Verified
Related Questions
Q18: What is a price ceiling?
A)A government regulation