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Author Question: Because of scarcity, rationing is A) unimportant because people get what they want. B) necessary ... (Read 72 times)

audie

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


audie

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dominic

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

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