Compared to Rationing by Prices,non-Price Rationing by Queuing

question 37

Multiple Choice

Compared to rationing by prices,non-price rationing by queuing:

• A)is more efficient in that those who value the good or service most are more likely to get some.
• B)is less efficient in that waiting in line imposes a cost on those waiting in line,with no offsetting benefit to the seller.
• C)is less efficient in that in order to sell more of the good or service,suppliers will have to increase the quality of their product beyond what the consumer desires.
• D)is more efficient in that in order to sell more of the good or service,suppliers will have to increase the quality of their product beyond what the consumer desires.