prices perform a rationing function by\na. allowing high - demand buyers to trade ration coupons\nb…

prices perform a rationing function by\na. allowing high - demand buyers to trade ration coupons\nb. eliminating scarcity in the market.\nc. allocating goods to the buyers who are willing and able to pay the highest price\nd. making sure that buyers do not have to wait for goods

prices perform a rationing function by\na. allowing high - demand buyers to trade ration coupons\nb. eliminating scarcity in the market.\nc. allocating goods to the buyers who are willing and able to pay the highest price\nd. making sure that buyers do not have to wait for goods

Answer

Brief Explanations:

Prices allocate goods based on willingness and ability to pay. Those willing and able to pay the most get the goods, which is a rationing function. High - demand buyers trading ration coupons is not the main rationing function of prices. Scarcity cannot be eliminated by prices. And prices don't directly ensure buyers don't have to wait for goods.

Answer:

C. allocating goods to the buyers who are willing and able to pay the highest price