Which of the following statements regarding rationing and market adjustments are correct? (A) Rationing occurs when a government sets price controls to allocate limited resources efficiently. (B) Price floors lead to a surplus in the market by setting the price above the equilibrium level. (C) A shift in the supply curve always leads to a corresponding change in the price, assuming demand remains constant. (D) In a market with a price ceiling below equilibrium, the quantity demanded exceeds the quantity supplied.

1
1. (A), (B), (C)
2
2. (B), (C), (D)
3
3. (A), (C), (D)
4
4. (A), (B), (D)

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation