Which Is Not a Purpose That Prices Play in a Market

question 21

Multiple Choice

Which is not a purpose that prices play in a market?

• A) Prices communicate information about consumer preferences.
• B) Prices give buyers a means of comparing goods that are substitutes.
• C) Prices rarely change, which allows markets to be more stable.
• D) Prices can help sellers determine what goods to sell.

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Definitions:

Chance Accuracy

The likelihood of making correct decisions or predictions by random chance in a given situation.

Behaviorists

Psychologists who study behavior based on the premise that all behaviors are acquired through conditioning.

Visual Imagery

The mental representation and simulation of visual perceptions in the absence of direct sensory input.

Scientific Control

A procedure in scientific experiments where all variables are kept constant except the variable being investigated.