Question

why is a consumer likely to be worse off when a product that he or she consumer is rationed?

Answer 1

Answer:

Hii,

Explanation:

The consumer will not be able to give up the consumption of other goods in order to obtain more of the rationed good. Only if the amount rationed is greater than the desired level of consumption can the consumer still maximize satisfaction without constraint.

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Answer 2

The consumer will not be able to give up the consumption of other goods in order to obtain more of the rationed good. Only if the amount rationed is greater than the desired level of consumption can the consumer still maximize satisfaction without constraint.