0
prices can not act as rationing device
What else can I help you with?
How do prices act as a Rationing?
prices can not act as rationing device
Rationing?
the act of rationing
What is our main rationing device in the american economy?
The United States economy does not have a rationing device
In a free competitive market what is the rationing mechanism?
Price is the rationing mechanism. Whoever can afford it, will by it.
What is the effect on poor people if price is a rationing device?
When price acts as a rationing device, poor people are often disproportionately affected because they have limited financial resources to access essential goods and services. As prices rise, they may be unable to afford basic necessities like food, housing, or healthcare, leading to increased hardship and potential deprivation. This can exacerbate existing inequalities, as wealthier individuals can still afford these goods while low-income individuals are priced out. Consequently, the reliance on price as a rationing mechanism can deepen poverty and reduce overall quality of life for vulnerable populations.
The condition in an economy that makes a rationing device a necessity is the fact that?
carcity exists
What effect did rations have on meat prices?
In the UK, anyway, most food prices were fixed while rationing was in force. One of the main purposes of rationing by coupons was to avoid rationing by price. :)
What are the main effects of price ceiling and rationing?
The following are the main effects of price ceiling and rationing: 1. Beneficial for Poor Consumers: A well managed rationing system enables the poor section of the society to get the commodities which are in short supply. 2. Transfer of Resources: The price ceiling and rationing enable the government to transfer resources from the production of less important uses to more important uses. 3. Black Marketing: The worst effect of rationing is to encourage black marketing.
How does a price ceiling undermine the rationing function of market-determined prices?
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
Which of these is most likely to lead directly to a black market a supply shock b price floor c rationing d equilibrium?
Rationing
Rationing is an attempt to limit shortages that naturally result what?
Price ceiling
What rationing is an attempt to limit shortage that naturally result from what?
Price ceiling
