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Author Question: Economists describe prices as "signals" in a market economy because (Read 68 times)

Katmoss16

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on: Oct 12, 2022
Economists describe prices as "signals" in a market economy because
◦ changes in these signals bring about changes in market structure.
◦ changes in these signals bring about changes in economic behaviour.
◦ prices are the only mechanism through which supply and demand will balance.
◦ they tell consumers how to act to keep the market system functioning well.
◦ they tell government agents how to act to keep the market system functioning well.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Katmoss16 on Oct 12, 2022

kaynelson17

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Katmoss16

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Reply 2 on: Oct 12, 2022
Excellent

31809pancho

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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