in 2015 the average price of housing was $326,000 and went up to almost $500,000 in the last year. How does the rationing function and the guiding function work in this market?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter4: Prices: Free, Controlled, And Relative
Section4.1: Price
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in 2015 the average price of housing was $326,000 and went up to almost $500,000 in the last year. How does the rationing function and the guiding function work in this market?
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