The rationing function of prices refers to the fact that government must distribute any surplus goods
that may be left in a competitive market.

Question

Quizplus · Accepted Answer

The rationing function of prices refers to how prices allocate scarce goods and services to those who are willing and able to pay for them. It is not the responsibility of the government to distribute surplus goods in a competitive market.

The Rationing Function of Prices Refers to the Fact That