Prices Are Useful in Coordinating Society's Economic Planning Because

Multiple Choice

Prices are useful in coordinating society's economic planning because

A) they convey information about which goods are scarce and which are plentiful.
B) economies based on price systems are more flexible than centrally planned economies.
C) economies based on price systems are more likely than centrally planned economies to minimize the cost of producing society's output.
D) All of the above are correct.