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Q: Which may naturally result in shortage that lead to rationing?
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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.


What can lead directly to black market?

rationing


What is most likely to lead to a black market?

rationing


What is most likely to lead directly to a black market?

rationing


Which of these is most likely to lead directly to a black market?

Rationing


What can a shortage of food or eating too much of a particular substance result in?

Illness. Like a shortage of potassium (potassium is found in bananas) can be fatal whilst eating too many fatty foods can lead to diabetes or heart attacks.


Which of these is most likely to lead directly to a black market a supply shock b price floor c rationing d equilibrium?

Rationing


Wartime rationing of consumer goods lead to what unintended consequence?

Black market


How did the gas shortage lead to changes in the American auto industry?

Gas went up in price because of the shortage.


A shortage of a natural resource can lead to which phase in the business cycle?

recession


Can a powerful earthquake lead to a shortage of drinking water How?

when the earth shakes


What state is lead naturally found in?

arizona answer: lead is a solid.