Answer:
Prices can act as a signal to both producers and consumers:A high price tells producers that a product is in demand and they should make more. A high price tells consumers to think about their purchases more carefully. A low price indicates to consumers to buy more of the product.
Explanation:
Answer:
Sample Response: Prices can act as a signal to both producers and consumers. A high price tells producers that a product is in demand and they should make more. A high price tells consumers to think about their purchases more carefully. A low price indicates to consumers to buy more of the product.
Explanation:
Edge 2020
