The Rationing Function of Prices Refers to the

question 274

Multiple Choice

The rationing function of prices refers to the

• A) tendency of supply and demand to shift in opposite directions.
• B) fact that ration coupons are needed to alleviate wartime shortages of goods.
• C) capacity of a competitive market to equalize quantity demanded and quantity supplied.
• D) ability of the market system to generate an equitable distribution of income.

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Definitions:

Suppliers

Companies or individuals that provide goods or services to another entity, typically as part of a supply chain.

Manufacturers

Organizations or individuals involved in producing finished products from raw materials on a large scale.

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A legal contract that is agreed upon by the user through an online interaction, such as clicking an "I Agree" button.