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April 18, 2014

Homework Help: Economics

Posted by Lauren on Tuesday, December 8, 2009 at 3:37pm.

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 shortages? Fully explain your answer based upon demand, supply and market equilibrium.

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