The functions of prices
Subdecks (3)
The Rationing Function
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.1 How markets and prices allocate resources > The functions of prices3 cardsThe Incentive function
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.1 How markets and prices allocate resources > The functions of prices6 cardsThe Signalling Function
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.1 How markets and prices allocate resources > The functions of prices6 cards