It is necessary to ration a good whenever ________ exists.
A) excess demand
B) excess supply
C) a surplus
D) market equilibrium
Correct Answer:
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Q29: If the market price of coffee is
Q30: Refer to the information provided in Figure
Q31: A minimum price, set by the government,
Q32: Refer to the information provided in Figure
Q33: Refer to the information provided in Figure
Q35: Refer to the information provided in Figure
Q36: Refer to the information provided in Figure
Q37: Refer to the information provided in Figure
Q38: A price floor is
A) a minimum price
Q39: An example of a price ceiling would
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