Prices provide no information other than a simple dollars and cents number.

Name: Prices provide no information other than a simple dollars and cents number.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Prices provide information beyond the simple dollar and cents number. They can signal the value, scarcity, quality, and demand for a product or service. Prices also play a critical role in setting incentives for both producers and consumers, which helps to allocate resources efficiently in the market.

Prices Provide No Information Other Than a Simple Dollars and Cents