🎁BACK-TO-SCHOOL DEAL. Subscribe Now to get 40% OFF at only 8.49 USD/month, only valid until Sep 30th, 2024

Question

Question
Price is functioning as a signal when it summarizes all that is happening in the market. creates incentives for changes in production and consumption. broadcasts useful information. is a line of communication between buyers and sellers in a market.

Asked By TwilightWhisper29 at

Answered By Expert

Don

Expert · 3.7k answers · 3k people helped

Sign in to see the answer

Step 1/2

A price signal is a message conveyed by the cost of a product or service, indicating information about its increase or decrease in the quantity supplied or quantity demanded.

Step 2/2

The high price in the market tells the producer that there is high demand for that product and it should earn more. This high price will tell the customers to make proper decision making. The prices will adjust with the sources available for production. The scarcity and surplus in the market will be depicted through the ups and downs in the price level. If the price increases with higher demand for the product, then the sellers will tend to raise the level of business and expand the production to meet the demand.

Final Answer

Therefore, the correct solution is option D , i.e. is a line of communication between buyers and sellers in a market.

🧑‍🏫 More Questions

Draw the major organic product of the reaction shown. HI OH

Methylenecyclohexane was one of the four possible products that could form in this reaction. Propose a mechanism to explain how this product could form. Include all intermediates and charges, and use curved arrows to show electron movement.

The trait theories on personality emphasize that Multiple Choice behavior, environment, and person/cognitive factors are important in understanding personality. most personality-which includes the id, ego, and superego-is unconscious. a person's capacity for personal growth and positive human qualities influences his or her personality. personality consists of broad, enduring dispositions that tend to lead to characteristic responses.

&nbsp;&nbsp;&nbsp;<span id="lblDescription">can someone pls drawthe lewis structure of&nbsp; CHO<sub>2</sub><sup>-</sup>&nbsp;please help</span>

Chapter 6 The Circulatory System 12 KNOWLEDGE DRILL 6-3:TRUE/FALSE ACTIVITY The following statements are all false. Circle the one or two words that make the statement false, and write the correct word(s) that would make the statement true in the space provided. endocardium 1. The three layers of the heart are the epicardium, the myocardium, and the pericardium. 2. Cardiac contraction is initiated by an electrical impulse generated from the AV bundle also called the pacemaker. SA mode Arteries 3. Ceins are blood vessels that carry blood away from the heart. infarction 4. Myocardial ischemtas is defined as a heart attack or death of the heart muscle due to occlusion. 5. When Venous blood is collected by syringe, the pressure normally causes the blood to "pump" into the syringe. arterial 6. Venules are microscopic, one-cell-thick vessels that connect the arteries and arterioles. 7. The venous distribution patterns are so named because the major AC veins on the arm resemble the shape either an "H" or a "Y." 8. The AC fossa is the shallow depression in the arm that is inferior and above the bend of the elbow. 9. The "H-shaped" venous distribution pattern displayed by approximately 50% of the population includes th median cephalic vein, cephalic vein, and basilic vein. 10. The main function of RBCs is to destroy pathogens. 11. Blood that is removed from the body will clot within 10 to 15 minutes. The blood cells are enmeshed in a fibrin network, and the remaining fluid portion is called plasma. 12. Tests for lymphatic disorders include D-dimer, prothrombin time, and partial thromboplastin time. 13. The femoral artery is a major artery in the antecubital area. 14. Blood type A is the most common blood type. eBist 15. Thrombin is an elastic threadlike protein involved in clot formation.