Multiple Choice
Which of the following is a description of price functioning as a signal when the price of gasoline rises?
A) Change in the price of gasoline helps coordinate market outcomes.
B) The price change reflects and summarizes information about what is going on in the market for gasoline.
C) Buyers and sellers change their demand and supply in response to the price change.
D) The purchasing power of money is affected by the price change.
Correct Answer:
Verified
Correct Answer:
Verified
Q151: Ang can mow the lawn in two
Q152: Marius and Jennifer are going to sell
Q153: When a price is referred to as
Q154: If you can complete a task at
Q155: (Table: Fazio and Gabriella's opportunity cost) The
Q156: When you assign tasks to employees based
Q157: (Table: Joachim and Zane's opportunity cost) The
Q158: If Bishan wants to capitalize on comparative
Q159: Use the data in the table to
Q160: Marius and Jennifer are going to sell