Price serves as a
A) rationing device.
B) transmitter of information.
C) means of determining who gets what of the available limited resources and goods.
D) a and b
E) all of the above

Question

Quizplus · Accepted Answer

Price acts as a rationing device as it determines who can afford a product and who cannot. It also transmits information about the value and scarcity of products. Finally, price provides a means of determining who gets what of the available limited resources and goods. Therefore, all of the above are true.

Price Serves as a