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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
When shortages or surpluses persist for any extended period of time, they
A) are a consequence of failure to allow prices to perform their rationing function.
B) are evidence of an underlying imbalance between demand and supply.
C) are evidence of goods being scarce.
D) indicate that there is no price that will clear the market in the case of some goods.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Thanks for the feedback Slight Smile
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