Economics say that there has to be some from of rationing whenever ?

Related Mcqs:

Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

A. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall. B. the equilibrium quantity to rise and the equilibrium price to rise C. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous D. the equilibrium quantity to rise and the equilibrium price to … Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more...

An increase in demand for a product should ?

A. Increase equilibrium price and quantity B. Decrease equilibrium price and quantity C. Increase equilibrium price and decrease quantity D. Decrease equilibrium price and increase quantity...

An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?

A. worse off; worse off B. better off; better off C. better off; worse off D. equal, unequal...

The problem posed by a natural monopoly is that it faces a _____ This means that _______?

A. increasing average cost curve, marginal cost lies above average cost B. increasing average cost curve, marginal cost lies below average cost C. decreasing average cost curve marginal cost lies above average cost D. decreasing average cost curve, marginal cost lies below average cost...

If the price in a market is fixed by the government above equilibrium ?

A. There is excess equilibrium B. There is excess supply C. There is excess demand D. There is equilibrium...