Rationing is often done to keep price below the equilibrium (market-clearing) price determined by the process ofple of rationing in the face of rising prices took place in the various countries where there was rationing of gasoline during the 1973 energy crisis.
Rationing is often done to keep price below the equilibrium (market-clearing) price determined by the process of supply and demand in an unfettered market. An example of rationing in the face of rising prices took place in the various countries where there was rationing of gasoline during the 1973 energy crisis.