In a Price System, Changes in Prices

question 88

Multiple Choice

In a price system, changes in prices

• A) make it difficult for the system to function well.
• B) imply that people have made mistakes in the past.
• C) signal to everyone in the system what goods are relatively more or less scarce.
• D) signal to policy makers what goods should and should not be taxed more.

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Definitions:

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