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Author Question: Because of scarcity, rationing is A) unimportant because people get what they want. B) necessary ... (Read 93 times)

audie

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Because of scarcity, rationing is
 
  A) unimportant because people get what they want.
  B) necessary because people cannot get everything they want.
  C) unimportant because prices clear markets.
  D) not a problem because governments can determine what everybody wants.

Question 2

A decrease in quantity demanded of a good is caused by
 
  A) a decrease in income.
  B) a decrease in the price of a substitute.
  C) an increase in the price of the good.
  D) a change of tastes.



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bob

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Answer to Question 1

B

Answer to Question 2

C




audie

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Reply 2 on: Jun 29, 2018
Wow, this really help


lindahyatt42

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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