A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2009 · Q101 Mark
What is generally considered to be one of the advantages of using the price mechanism as a rationing device?
AIt ensures that goods are allocated in accordance with the needs of consumers.
BIt ensures that suppliers cannot make excessive profits.
CNo one can be prevented from consuming a good if they are willing and able to pay the market price.
DThe allocation of goods is determined by consumers' wealth.
✓ Correct answer
C: No one can be prevented from consuming a good if they are willing and able to pay the market price.
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