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Author Question: When prices are used as a rationing device, goods that are relatively more scarce than they used to ... (Read 68 times)

mwit1967

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on: Jun 29, 2018
When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have
 
  A) greater demand.
  B) lower excess demands.
  C) higher prices.
  D) long queues.

Question 2

Ceteris paribus assumption means
 
  A) the role of rational self-interest in the economy.
  B) that nothing else changes except the variables under consideration.
  C) relying on real-world data in evaluating the usefulness of a model.
  D) analysis that is strictly limited to making either purely descriptive statements or scientific predictions.


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sierrahalpin

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

C

Answer to Question 2

B


mwit1967

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Reply 2 on: Jun 29, 2018
:D TYSM

xiazhe

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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