Why are prices important in a market when there are no price controls? a. Higher prices...
Why are prices important in a market when there are no price controls?
a. Higher prices provide an incentive for demanders to decrease the amount they wish to demand.
b. Prices bring about an equilibrium between the demanders and suppliers in a market.
c. Higher prices provide a signal (an incentive) to suppliers that they should increase supply to meet the increased demand.
d. All of the above
Homework Answers
Answer:
d.all of the above
Rationale: all the above statements are true for a market where there is no prices control
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Why are prices important in a market when there are no price
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