Multiple Choice
The price of coffee goes up, and Stella cuts back on her coffee consumption. This illustrates price functioning as
A) a signal.
B) an incentive.
C) a bundle of information.
D) a producer.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q109: How do rice farmers in rural Indonesian
Q110: Otto manages a consulting firm. If Otto
Q111: Which of the following is NOT used
Q112: A prediction market is a market where:<br>A)signals
Q113: When price functions as an incentive, it<br>A)encourages
Q115: A person is said to have a
Q116: Internal markets can be used to _
Q117: (Table: Comparative Advantage for Mia and Juanita)
Q118: The price of celery rises, but nothing
Q119: Which statement is TRUE?<br>A)Some people have a