Question: Price can be used as a rationing device and a transmitter of information. In a minimum of 1 page, discuss how price can be 1.

 Price can be used as a rationing device and a transmitter

of information. In a minimum of 1 page, discuss how price can

Price can be used as a rationing device and a transmitter of information. In a minimum of 1 page, discuss how price can be 1. Used as a rationing device by an event center owner. The event center owner realizes she can only allow 200 people to enter in to her event center. She was informed that 500 people were in line to come in to her establishment. 2. Used as a transmitter of information by a customer. The customer goes to a car lot. He looks at two cars. One car is priced at $12,000.00 and the second car is priced at $40,000.00

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