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What leads to rationing and black marketing under perfect competition?
Wiki User
∙ 13y ago
when the quantity of the goods supplied decreases or lower than the demand
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoPrice control.
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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.
What is most likely to lead to a black market?
rationing
What is most closely related to the black market?
production A+
What are the 5 non-price rationing methods?
1. Queuing 2. Price coupons 3. Black Market
Wartime rationing of consumers goods led to what unintended consequences?
Wartime rationing of consumer goods led to many unintended consequences. Here are some examples:Farmers sold goods to people at inflated rates. Farmers were not subjected to the rationing books to sell.Some people began to suffer nutritionally -- mostly poor people.Some people found they could get more to eat by eating in the cafeterias near the work places because they did not have to stamp ration books.For a while, the babies were not getting enough to eat, and they had to increase the formula and milk ration amounts for them.In England, the really sad thing that happened was the extension of the rationing program for 10 years.Sometimes people would get their ration books stolen from them (especially the kids who had been evacuated in England), and they could not get them replaced and could not get their books back from the people caring for them.
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.
What can lead directly to black market?
rationing
What is most likely to lead to a black market?
rationing
Which of these is most likely to lead directly to a black market?
Rationing
What is most likely to lead directly to a black market?
rationing
Which of the following is most closely related to the black market?
Rationing
What is most closely related to the black market?
production A+
Which of these is most likely to lead directly to a black market a supply shock b price floor c rationing d equilibrium?
Rationing
What is the duration of Black Marketing?
The duration of Black Marketing is 600.0 seconds.
When was Black Marketing created?
Black Marketing was created on 1943-08-19.
Wartime rationing of consumer goods lead to what unintended consequence?
Black market
How did the Americans adapt to the rationing system?
The Americans and the Britons adapted to the rationing system and were quite clever at growing food and running a black market to augment the rationing system. Women learned to make recipes with powdered eggs, powdered milk and ersatz coffee.
