Consider a Price-Controlled Good Allocated to Consumers on a First-Come,first-Served

question 2

Multiple Choice

Consider a price-controlled good allocated to consumers on a first-come,first-served basis.Consumers end up waiting in line to purchase the good,and this:

• A)is more efficient,the higher the opportunity cost of the consumers' time in line.
• B)is more equitable than handing out coupons.
• C)is less efficient,the higher the opportunity cost of the consumers' time in line.
• D)is less equitable than handing out coupons.