In the short run, whenever excess demand exists, it is necessary to
A) ration the good.
B) put the good on sale.
C) increase the supply of the good.
D) impose a price ceiling on the good.

Name: In the short run, whenever excess demand exists, it is necessary to A) ration the good. B) put the good on sale. C) increase the supply of the good. D) impose a price ceiling on the good.
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Question

Quizplus · Accepted Answer

In the short run, when excess demand exists, rationing the good is a way to allocate the limited supply among consumers.

In the Short Run, Whenever Excess Demand Exists, It Is