Problem
"The pricing system rations goods to the highest bidders and provides the incentive for businessmen to produce those goods that are most scarce, relative to their cost."
a. How does the pricing system ration goods?
b. How does it offer suppliers an incentive to produce goods that are most scarce, relative to their cost.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.