1. What is the purpose of prices? Do prices do anything other than ration goods to those...

Question:

1. What is the purpose of prices? Do prices do anything other than ration goods to those with the most dollar votes? Explain. What factors determine the price of a good?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

Question Posted: