February 21, 2017

Homework Help: Managerial Economics

Posted by Mrs. Adams on Tuesday, August 18, 2009 at 7:39pm.

How does a price ceiling undermine the rationing function of market-determined prices? How could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government price ceilings create shortage? Fully explain answer based upon demand, supply and market equilibrium.

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