Ration coupons are often associated with price ceilings because they
a. substitute for dollars in the purchase of goods
b. restore prices to equilibrium
c. compensate for the producers' lost opportunities
d. are used to allocate goods under conditions of excess demand
e. enable producers to produce beyond equilibrium levels without suffering the consequences of lowering prices
D
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What are the limitations in using break-even analysis?
What will be an ideal response?
Which of the following ideas is the most plausible?
a. Tax revenue is more likely to increase when a low tax rate is increased than when a high tax rate is increased. b. Tax revenue is less likely to increase when a low tax rate is increased than when a high tax rate is increased. c. Tax revenue is likely to increase by the same amount when a low tax rate is increased and when a high tax rate is increased. d. Decreasing a tax rate can never increase tax revenue.