What is the role of prices in an economy?
A. They confuse consumers
B. They only benefit businesses
C. They help allocate resources
D. They are set randomly

Question

MaximoRykei · Answer

The correct answer is letter C. Prices help signal how scarce or available a good is. They guide consumers and producers in making decisions about buying and selling.

What is the role of prices in an economy? A. They confuse consumers B. They only benefit businesses C. They help allocate resources D. They are set randomly

Answer (1)

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What is the role of prices in an economy?
A. They confuse consumers
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C. They help allocate resources
D. They are set randomly

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