If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after

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If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster, how do you think these resources should be allocated among the population? What are the benefits of your proposal? What problems might arise with your proposal in practice?

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Brief Principles Of Macroeconomics

ISBN: 9780357133507

9th Edition

Authors: N. Gregory Mankiw

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Posted Date: Mar 26, 2024 11:07 AM

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If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after

Question:

If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster, how do you think these resources should be allocated among the population? What are the benefits of your proposal? What problems might arise with your proposal in practice?

Expert Answer:

When sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster alternative methods for allocating these resources among the population need to be ... View the full answer

Brief Principles Of Macroeconomics

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