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How does a price ceiling undermine the rationing function of…

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How does a price ceiling...
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.
Submitted: 8 years ago.Category: Business and Finance Homework
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6/17/2010
Business Tutor: Steve, MBA replied 8 years ago
Steve
Steve, MBA
Category: Business and Finance Homework
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Hi, is there a word count minimum on this?
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Customer reply replied 8 years ago
250
Business Tutor: Steve, MBA replied 8 years ago

okay no problem. when do you need it done by?

 

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