Asked by Jonas Hauser on May 12, 2024
Verified
Issuing coupons, waiting in line, and catering to favored customers are all methods of
A) unbiased favoritism.
B) exploiting wealth.
C) income distribution.
D) nonprice rationing.
Nonprice Rationing
Nonprice rationing is the allocation of goods or services using means other than price, such as waiting times or ration coupons, especially when there are shortages.
Coupons
Vouchers entitling the holder to a discount off a particular product or service.
Favored Customers
Customers who receive preferential treatment from sellers, often through better prices, terms, or product availability.
- Understand the significance of nonprice rationing processes in mitigating excess demand.
- Study the array of rationing techniques that do not involve price changes and analyze their efficiency in the distribution of resources.
Verified Answer
RK
rakesh kumarMay 16, 2024
Final Answer :
D
Explanation :
These methods are examples of nonprice rationing, where goods or services are distributed based on criteria other than price, such as coupons or waiting in line, rather than through market prices.
Learning Objectives
- Understand the significance of nonprice rationing processes in mitigating excess demand.
- Study the array of rationing techniques that do not involve price changes and analyze their efficiency in the distribution of resources.