explain what the phrase ldquoprice rationingrdquo


Explain what the phrase “price rationing” means.

Price rationing is the method by which the market system assigns goods and services to consumers while quantity demanded exceeds quantity supplied.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: explain what the phrase ldquoprice rationingrdquo
Reference No:- TGS0276697

Expected delivery within 24 Hours