Nonprice rationing devices are required A) because the price ...

[dollx]

Nonprice rationing devices are required
 
  A) because the price system does not allocate resources efficiently.
  B) when there are price floors but not when there are price ceilings.
  C) so that prices will go back to equilibrium.
  D) to allocate goods when there is a price ceiling.

Question 2

As interest rates rise, the quantity of money demanded
 
  A) falls.
  B) rises.
  C) stays the same.
  D) does not react to interest rate changes.

[johnharpe]

Answer to Question 1

D

Answer to Question 2

A

[dollx]

Thanks for the timely response, appreciate it

[kishoreddi]

TYSM