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Q: Why do economist say that the price system is free?
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What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?

When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.


why do they say free when they are not really free?

they always say free then u punch in the information you are looking for and then there is a price to find informatio that was suppose to be free... its crazy what is a world coming to anymore you cant get the truth for anything anymore... free free free bla bla there is nothing free anymore'


How would an economist use supply-and-demand analysis to explain the increase in the price of gasoline in the US right after Hurricane Katrina?

An economist (or anybody who really thought about it for a moment) would say that Katrina destroyed many fuel storage facilities and refining resources along the Gulf Coast. Additionally, transportation to get the fuel out of the area was also interrupted for quite a time.This cause a transient but serious shortage of fuel ... the supply went down, so the price went up.


Why some economist say economics is useless?

economics is useless because it is based on assumptions made by economists............


Why was Jose Rizal considered a economist?

Jose Rizal is considered as an economist because wasn't he courageous enough to fight for the Filipino's freedom? So, imagine if he never did anything then, the Philippines would experience the Greatest Depression of the Economy. Why? Because of the continous drainage of the Spaniards of our Natural Resources. So it was him the led to the booming of our economy, that is why he is an economist. Not only is he the national hero, a great writer (El Filibusterismo and Noli Me Tangere) but he is also an economist. Because that's what they say, he's an economist. An economist is an economist. It's in the Economiya of an Economy to have an Economist in every Economic country to boom their Economy's resources just like Rizal. (Yes, I'm a genius. I know) (People can be sarcastic Bastards aren't they? hahahahaha Good Luck :P)

Related questions

What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?

When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.


How do you say Free in Japanese?

If talking about price you can say: "Muryou" or "Tada"


Which of these is not true about Say's law?

It was developed by a Dutch economist and businessman.


why do they say free when they are not really free?

they always say free then u punch in the information you are looking for and then there is a price to find informatio that was suppose to be free... its crazy what is a world coming to anymore you cant get the truth for anything anymore... free free free bla bla there is nothing free anymore'


How do you know if Cydia apps are free?

It will say so. If not then there will be a price tag visible and it will ask you to purchase it


When a nation imports more than it exports economist say it has?

Its known as a trade surplus


When a nation imports more than it exports economist say it has what?

Its known as a trade surplus


Which economist would say that consumer sovereignty does exist in the American marketplace?

W. Andrew Achenbaum.


Is there a way to get free ipod touch applications?

of course! browse the app store and the free ones should show up 1st or just have no $/£ price or say free next to it^^


How would an economist use supply-and-demand analysis to explain the increase in the price of gasoline in the US right after Hurricane Katrina?

An economist (or anybody who really thought about it for a moment) would say that Katrina destroyed many fuel storage facilities and refining resources along the Gulf Coast. Additionally, transportation to get the fuel out of the area was also interrupted for quite a time.This cause a transient but serious shortage of fuel ... the supply went down, so the price went up.


Is the United States going into a reccesion?

I would say the US economy is currently in a depression, but I am not an economist, and I do not think you will hear any economist say that at this point. But I am calling it a depression. Two years ago was a recession, now we're in a depression. Yes, but the magnitude is still unknown.


How can you get someones voice recording and make them say something else by editing it for free or low price?

I highly doubt it. Even if there was such a software, it definitely would not be free.