In a free market system rationing occurs when there are increases in ?

Related Mcqs:

If the price of good is equal to the equilibrium price ?

A. there is a shortage and the price will fall B. the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged C. there is surplus and the price will rise D. there is a shortage and the price will rise E. there is a surplus and the price will fall...

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...

The allocation of resources is not efficient if ?

A. the marginal cost of production does not equal society’s marginal benefit B. the distribution is inequitable C. economic growth is low D. unemployment is high...

The law of supply states that an increase in the price of a good ?

A. none of these answers B. increases the quantity supplied of that good C. increase the supply of that good D. decrease the demand for the good E. decrease the quantity demanded for that good...

Which of the following is the government most likely to subsidies ?

A. Negative externalies B. Positive externalities C. Monopolies D. Oligopolies...