Homework Help Forum: managerial economics

Posted by Bobby on Tuesday, October 20, 2009 at 2:05pm.

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

• managerial economics - economyst, Tuesday, October 20, 2009 at 5:15pm

  Take a shot, what do you think? I or others will be glad to critique your thinking. Hind: could people buy or sell their rationing coupon?

  
  

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