Prices play a role in a market
A) because they distribute scarce goods to those consumers who value them most highly.
B) because when prices are in equilibrium, product shortages or surpluses can occur.
C) because they help eliminate poverty.
D) because they eliminate scarcity.

Question

Quizplus · Accepted Answer

Prices act as a means of distributing scarce goods in the market to those consumers who value them the most. This ensures that resources are allocated efficiently, and the needs of the consumers are met.

Prices Play a Role in a Market