Question

If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster, how do you think these resources should be allocated among the population

Answer 1

Answer:

Explanation:

During a natural disaster, resources should be allocated to among the population on a basis of necessity and with a specific limit per individual. For example, items such as food and water should be provided to each individual evenly while other items such as bandages and medicine should be allocated on the basis of necessity. This means that if an individual does not need the item to survive and as an emergency then they should not be given the item/resource. This would be the best and most efficient way to distribute resources during a natural disaster.