The Rationing Function of Price

question 12

Multiple Choice

The rationing function of price

• A)occurs when there is a movement of resources into or out of markets as a result of changes in the equilibrium market price.
• B)is also known as the guiding function of price.
• C)occurs when consumers change their tastes and preferences.
• D)occurs only when the market experiences severe shortages.

---

Definitions:

Implicit Prejudice

Unconscious biases or attitudes toward people or groups without conscious knowledge.

Anti-Gay Prejudice

Negative attitudes, beliefs, or discrimination directed towards individuals who are gay or perceived to be gay.

LGBTQ Rates

Refer to statistical figures that quantitatively describe aspects of the LGBTQ (Lesbian, Gay, Bisexual, Transgender, and Queer) community, such as population size, health disparities, or discrimination experiences.

Cardiovascular Deaths

Fatal outcomes resulting from diseases and conditions that affect the heart and blood vessels.