managerial economics

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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 the 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 -

    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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