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Distinguish between the rational function and the allocation function of price system? - Answers

allocative function of price: to direct resources away from overcrowded markets and towards markets that are underserved. Rationing function of price: to distribute scare goods to those consumers who value them most highly



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Distinguish between the rational function and the allocation function of price system? - Answers

https://math.answers.com/algebra/Distinguish_between_the_rational_function_and_the_allocation_function_of_price_system

allocative function of price: to direct resources away from overcrowded markets and towards markets that are underserved. Rationing function of price: to distribute scare goods to those consumers who value them most highly



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https://math.answers.com/algebra/Distinguish_between_the_rational_function_and_the_allocation_function_of_price_system

Distinguish between the rational function and the allocation function of price system? - Answers

allocative function of price: to direct resources away from overcrowded markets and towards markets that are underserved. Rationing function of price: to distribute scare goods to those consumers who value them most highly

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