Solved

Prices Communicate Information About Relative Availability of Products

Question 206

Multiple Choice

Prices communicate information about relative availability of products. What does a decrease in the price of corn signal to consumers and producers?


A) that consumers are stocking up on corn because of the predictions of a cold winter
B) that consumers are buying more corn than before
C) that corn is relatively less abundant than before
D) that corn is relatively more abundant than before

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents