Unformatted text preview: Will the shelves be bare in a very short time? Will fights break out as two people try and grab the last loaf of bread at the same time? Will normally peaceful, law abiding people turn into ????? What will be left at the Food Lion for consumption tomorrow? Prices ration consumption over time. They allow for the matching of consumption and production. Prices allow us to expect a ready supply of goods and services tomorrow. Prices help keep us peaceful and law abiding in our encounters with others. The power of prices is amazing....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10