In a free market economy, the rationing of scarce goods is done principally by?

ECONOMICS
JAMB 2022

In a free market economy, the rationing of scarce goods is done principally by?

  • A. the government
  • B. business organizations
  • C. the price mechanism
  • D. consumers

Correct Answer: C. the price mechanism



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.