Undermine rationing function of market-determined prices

Reference no: EM13697438

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 prices ceilings create shortages?

Reference no: EM13697438

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Undermine rationing function of market-determined prices : 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 prices ceilings create shortage..

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