What does it mean to say that in market economies the market price is used to...

What does it mean to say that in market economies the market price is used to ration goods? Why is this rationing necessary? Discuss the pros and cons of using the market price to ration goods? Considering the cons of using the market price to ration goods, discuss alternative methods of rationing goods and compare the pros and cons of these alternative methods relative to using the market price.

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Rahul Sunny answered 2 years ago

what does it mean to say that the stock market is "efficient" in its pricing? identify...

what does it mean to say that the stock market is "efficient" in its pricing? identify and explain the three different levels of market efficiency

1. What does it mean to say that price and quantity demanded are inversely related? 2....

1. What does it mean to say that price and quantity demanded are inversely related? 2. Demand is a function of five factors. Stated differently, if there is a change in any of these five factors, demand will either increase or decrease. What are these five factors? Describe how increase/decrease in each factor will effect the demand curve. 3. If demand for a good increases, will the demand curve ( that represents the good) shift to the right or to...

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What does it mean to say that in market economies the market price is used to...

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