Multiple Choice
In which of these instances does price function as a signal in the market?
A) Suppliers invest more in exploration when the price of oil increases.
B) Consumers complain of price gouging as the price of oil skyrockets.
C) Government imposes price controls on the skyrocketing price of oil.
D) Consumers increase buying when the price of oil increases.
Correct Answer:
Verified
Correct Answer:
Verified
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