Economics A Level: Explain how the Rationing Function works

Question

Explain how the Rationing Function works

go kys · Accepted Answer

-If High Demand is paired with Little Supply, then the Price will be Very High. Supply will be Restricted to those who can Afford such Demand.
-If there is Low Demand and Huge Supply, then Price will be put Low so Many can be Sold.

Economics A Level

Explain how the Rationing Function works

-If High Demand is paired with Little Supply, then the Price will be Very High. Supply will be Restricted to those who can Afford such Demand. -If there is Low Demand and Huge Supply, then Price will be put Low so Many can be Sold.

Author