Which of the following is a description of price functioning as a signal when the price of gasoline rises?
A) Change in the price of gasoline helps coordinate market outcomes.
B) The price change reflects and summarizes information about what is going on in the market for gasoline.
C) Buyers and sellers change their demand and supply in response to the price change.
D) The purchasing power of money is affected by the price change.
Correct Answer:
Verified
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