Multiple Choice
Which of the following is not a function of prices in a market system?
A) Prices have the crucial job of balancing supply and demand.
B) Prices send signals to buyers and sellers to help them make rational economic decisions.
C) Prices coordinate economic activity.
D) Prices ensure an equal distribution of goods and services among consumers.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: Figure 6-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-5
Q78: Figure 6-13<br>This figure shows the market demand
Q79: As a rationing mechanism,discrimination according to seller
Q80: Suppose the equilibrium price of a tube
Q81: Figure 6-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-14
Q83: Figure 6-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-7
Q84: After a binding price floor becomes effective,a<br>A)smaller
Q85: Figure 6-3<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 6-3
Q86: If the government removes a binding price
Q87: In response to a shortage caused by