Buyers and sellers receive signals from markets
A)by listening to the TV news programs.
B)through the price system.
C)from the gossip columns in the newspapers.
D)from their friends and acquaintances.

Question

Quizplus · Accepted Answer

The price system communicates information about supply and demand dynamics in the market, which helps buyers and sellers make decisions. TV news programs, gossip columns, and friends may provide information but they are not reliable sources of market signals.

Buyers and Sellers Receive Signals from Markets