Answered: 63. One form of allocating price is…

63. One form of allocating price is rationing. Rationing that is controlled by the government is always fair, and everyone gets their fairs share. True or False

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 16RQ: What is the relationship between quantity Demanded and quantity supplied at equilibrium? What is the...

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Question

63. One form of allocating price is rationing. Rationing that is controlled by the government is
always fair, and everyone gets their fairs share. True or False
64. A market failure on the demand side is harder to correct than failures on the supply side. True
or False

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