Price is the language through which buyers and sellers communicate their intentions to one another in a pure market economy.

Name: Price is the language through which buyers and sellers communicate their intentions to one another in a pure market economy.
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Question

Quizplus · Accepted Answer

In a pure market economy, price acts as a signal to both buyers and sellers about the demand and supply of goods and services, facilitating the communication of their intentions and decisions regarding buying and selling.

Price Is the Language Through Which Buyers and Sellers Communicate