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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Why is there a need for a rationing device, whether it is price or something else?

To determine

The need for a rationing device.

Explanation

The need for a rationing device arises due to the scarcity of resources. It is known that the human wants are unlimited, though only limited resources are available...

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