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natita [175]
3 years ago
12

The war industries board (wib), which became the most important of all federal mobilization agencies, had the authority to

History
1 answer:
____ [38]3 years ago
6 0
What are the options?
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Which of these MOST accurately describes a result of Lyndon B. Johnson's Great Society programs?
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In a rationing system, offering a landlord extra cash to guarantee the availability of an apartment is _____.
Elanso [62]

The correct answer is: " considered to be doing business on the black market".

Rationing takes place when a certain market (for example, appartment market) is not in equilibrium and there is an excess of demand hence, the amount demanded of such product is larger than the number of units that are supplied.

If price variations are not allowed under a certian economic system, the price of the product cannot rise and the equilibruim in this market cannot be restored. Therefore, the available units of the product are allocated among the consumers by using a rationing mechanism that establishes certain rules to state which of those consumers would receive the product first, who go next and who cannot have it at all.

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