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ECO 204 CHAPTER FINAL (Micro_TIF1_9e_Chapter04)
$ 15.00

The Price System: Rationing and Allocating Resources

 

1  
 

 

Multiple Choice

 

1)
 

 

In the short run, it is necessary to non-price ration a good whenever ________ exists.

 

A)
 

 

excess demand

 

B)
 

 

excess supply

 

C)
 

 

a surplus

 

D)
 

 

market equilibrium

 

Answer: 
 

 

A

 

Diff: 2

 

Topic: 
 

 

The Price System: Rationing and Allocating Resources


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