In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?
A) the number of producers
B) the number of consumers
C) prices
D) the amount of government regulation
Question 2
The only variable that can affect a movement along the demand curve is
A) income levels.
B) the price of the good itself.
C) the number of buyers.
D) the number of substitutes.