Markets work well because of the information delivered by:
A) the government.
B) the supply curve.
C) the demand curve.
D) prices.

Question

Quizplus · Accepted Answer

Prices convey valuable information about the supply and demand of goods and services in the market. Prices signal to producers how much consumers are willing to pay for a certain product, and they signal to consumers the relative scarcity of a product in the market. This guides decisions about production, consumption, and investment, enabling markets to allocate resources efficiently.

Markets Work Well Because of the Information Delivered By