Asked by Genesis Hernandez on May 10, 2024

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With price rationing, those who are both able and willing to pay for a product get it.

Price Rationing

The allocation of goods among consumers using prices, where the goods go to those willing to pay the highest price, often used when demand exceeds supply.

Able

Generally refers to having the capacity, skill, or qualifications to perform an action or task.

Pay

The compensation received by an employee from an employer in exchange for work performed, typically provided as wages or salary.

  • Recognize the mechanisms of price and nonprice rationing in allocating scarce resources.
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SM
Scott MccolaughMay 14, 2024
Final Answer :
True
Explanation :
Price rationing ensures that goods and services are distributed based on who can pay the market price, meaning those who are both willing and able to pay for a product will indeed receive it.