Answer to Question #65783 in Microeconomics for Ebenezer Kyeremateng
If some persons have infinite wants to buy goods and if limited resources are available to produce those goods, in this case a rationing device is appropriate to decide who gets that available quantity of goods. The example of a rationing device is dollar price. For example, each person wants a new car and only 100 cars are on the lot. So, the firms use dollar price to decide who gets the specific quantity of the new cars.
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