What Can We Conclude If Consumers Are Forced to Wait

question 43

Multiple Choice

What can we conclude if consumers are forced to wait in long line-ups in order to purchase products such as food and fuel?

• A)That the price of these items is at equilibrium.
• B)That price is operating effectively as a rationing mechanism.
• C)That producers are producing more than people want.
• D)Producers would be willing to produce more if price were allowed to rise.

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