According to the Rationing Function of Prices,a Competitive Market Will

question 44

Multiple Choice

According to the rationing function of prices,a competitive market will:

• A) achieve an equilibrium price.
• B) eliminate shortages.
• C) eliminate surplus.
• D) do all of the above.

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Definitions:

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The phenomenon where individuals adjust their behaviors, attitudes, or beliefs to align with those of a group or social norm.

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A political ideology combining extreme nationalism, racism, and totalitarianism, associated with the Nazi Party led by Adolf Hitler in Germany.