It is necessary to ration a good whenever?
Correct answer D. demand exceeds supply
Tip: press A, B, C or D to answer, and N for the next question.
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More Market questions
See allIf the market price is below the equilibrium price?
Correct answer A. quantity demanded will be greater than quantity supplied
Economists use the term Black Markets for situations where?
Correct answer A. goods are sold at prices above legal or official price.
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Comparing a monopoly and competitive firm, the monopolist will?
Correct answer C. produce less at a higher price
A monopoly may be self-perpetuating because profits may be used for?
Correct answer D. all of the above
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