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Question: Prices serve a rationing function. When quantity demanded exceeds quantity supplied, prices rise to alleviate the shortage. When quantity supplied exceeds quantity demanded, prices fall to alleviate the surplus. However, when prices are inflexible, shortages and surpluses persist. Other rationing mechanisms must develop.
• Using demand and supply analysis, describe a specific situation where a shortage occurred. Why were prices unable to adjust in this market?
• Combining what you learned from your readings as well as from the video clip, what other rationing functions could develop to alleviate the shortage?
Short Paper on Cross-cultural Opportunities and Conflicts in Canada.
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Individual Assignment : Two Models Handout and Rubric, This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.
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Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.
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