ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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distribution of ration vouchers
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administration of gas sales through post offices
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manufacturing of more fuel-efficient automobiles
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purchasing days determined by license plate numbers
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Detailed explanation-1: -Rationing is a method by which the government allocates goods and services without prices.
Detailed explanation-2: -The popular notion is closely associated with civilian experiences during World War I (1914–1918) and World War II (1939–1945) when war induced shortages forced belligerent and neutral states to ration essential and semiessential consumer goods.
Detailed explanation-3: -Demand schedule and demand curve A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.
Detailed explanation-4: -Supply is the amount of a product offered for sale at all possible prices in a market. The Law of Supply states that more product will be offered for sale at higher prices than at lower prices.