3
Topic: The Price System: Rationing and Allocating Resources
Skill: Conceptual
AACSB: Reflective Thinking
Learning Outcome: Micro-4
38. The government imposes a price ceiling on gasoline that is below the market price. You are asked to suggest
a rationing scheme that will minimize the misallocation of resources. You suggest
A) using rationing coupons that cannot be resold.
B) using rationing on a first-come, first-served basis.
C) using rationing coupons that can be resold.
D) using rationing only on weekdays.
