Asked by karyme catano on Apr 25, 2024
The rationing mechanism in market economies is the adjustment of
A) supply.
B) demand.
C) quantity.
D) price.
Rationing Mechanism
A system or method used to distribute scarce resources or goods among consumers, often based on criteria other than price.
Market Economies
Economic systems in which supply and demand drive the production and pricing of goods and services, with minimal government intervention.
- Determine the role of rationing processes, including ration coupons and queuing, in circumstances where there's an imbalance between demand and supply.
Learning Objectives
- Determine the role of rationing processes, including ration coupons and queuing, in circumstances where there's an imbalance between demand and supply.
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