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In the short run, it is necessary to nonprice ration a good whenever ________ exists.

trea48

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In the short run, it is necessary to nonprice ration a good whenever ________ exists.

Question 1.

If price is above the equilibrium, there will be excess supply of the product.

▸ true

▸ false

Question 2.

In the short run, it is necessary to nonprice ration a good whenever ________ exists.

▸ excess demand

▸ excess supply

▸ a surplus

▸ market equilibrium

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 84 times

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wasan

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More solutions for this book are available here

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trea48 Author

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Smart ... Thanks!

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