chodennamgay6
chodennamgay6 chodennamgay6
  • 01-05-2021
  • Business
contestada

Why is a consumer likely to be worse off when a product that he or she consumes is rationed?​

Respuesta :

quanharrigan
quanharrigan quanharrigan
  • 01-05-2021
When the price of the good is fixed at a level below the current (equilibrium) price, there will be a shortage of the good and the good will have to be effectively rationed. As in the question above, the consumer is worse off because she is not able to attain her utility maximizing point.
Answer Link

Otras preguntas

Which of the following describes the Conquistadors goals in the New World? Select one: a. Gold - The Conquistadors wanted to get rich b. God - The Conquistadors
What is the fraction ten fourteenths in its simplest form?
What does it mean when sperm can't penetrate the eggs
which element can become stable by losing 1 electron
find the derivative of ((t^4-6)^3)*((t^3+6)^4)
while your finger is still pushing the coin, there are four forces acting on the coin: what are they?
A bank charges $3 each time you use an out of network ATM. at the beginning of the month, you have $1500 in your bank account. you withdrawal $60 from your bank
a bicyclist rides 1/5 mile in 1/65 hour. Write this rate as a unit rate
What does a journal written by frontier settlers most likely tell you about Manifest Destiny?
what is the time interval between the release of the ball and the time it reaches its maximum hieght? the acceleration gravity is 9.81m/s^2 and the maximum heig