The Rationing Function of Prices Refers to

question 54

Multiple Choice

The rationing function of prices refers to

• A) the situation when government must intervene in a market when there is a large shortage or surplus.
• B) the synchronization of decisions by buyers and sellers that leads to an equilibrium.
• C) the synchronization of decisions by buyers and sellers through the direction of government agencies.
• D) the situation when only the rich get the goods they want.

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