Posted: June 2nd, 2016

Are organizations more risk adverse or individuals more risk adverse? is one more risk tolerant?

Are organizations more risk adverse or individuals more risk adverse? is one more risk tolerant? use economic theory to explain your position. how does a price ceiling undermine the rationing function of market determined prices? how could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government price ceilings create shortages? Fully explain answer based upon demand, supply and market equilibrium.