What do economists mean when they say that price floors and ceilings stifle the rationing function of

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What do economists mean when they say that “price floors and ceilings stifle the rationing function of prices and distort resource allocation”?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:42 AM

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What do economists mean when they say that price floors and ceilings stifle the rationing function of

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When unrestrained prices rise and fall to correct imbalances between the quantity s...View the full answer

Economics

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