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Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Question List for "Principles of Economics"
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Economics
»
With an effective price ceiling, quantity demanded exceeds quantity supplied.
Started by
melly21297
150
Apr 19, 2019
Economics
»
Queuing is a system of nonprice rationing.
Started by
wrbasek0
72
Apr 19, 2019
Economics
»
A surplus exists when there is excess demand in a market.
Started by
tingc95
63
Apr 19, 2019
Economics
»
An effective price floor results in a shortage.
Started by
stock
41
Apr 19, 2019
Economics
»
Establishing a list of favored customers is an alternative rationing mechanism to price rationing.
Started by
JMatthes
79
Apr 19, 2019
Economics
»
The price system ultimately determines the allocation of resources among producers.
Started by
jerry coleman
114
Apr 19, 2019
Economics
»
In the short run, nonprice rationing will happen whenever there is excess demand in a market.
Started by
biggirl4568
55
Apr 19, 2019
Economics
»
An effective price ceiling will be set above the equilibrium price.
Started by
Mr.Thesaxman
46
Apr 19, 2019
Economics
»
Favored customers receive special treatment from dealers during periods of excess demand.
Started by
jerry coleman
89
Apr 19, 2019
Economics
»
Ration coupons are tickets or coupons that give someone a right to purchase a certain amount of a ...
Started by
LaDunn
87
Apr 19, 2019
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