_____ in the marketplace are a rough measure of how society values particular goods and services.

Question

Quizplus · Accepted Answer

Prices reflect the supply and demand of goods and services in the marketplace, which in turn indicates how much people are willing to pay for them. Higher prices may suggest that a product has high demand or limited availability, whereas lower prices may indicate less demand or surplus supply. Therefore, prices are a rough measure of how society values particular goods and services.

_____ in the Marketplace Are a Rough Measure of How