Multiple Choice
In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?
A) the number of producers
B) the number of consumers
C) prices
D) the amount of government regulation
Correct Answer:

Verified
Correct Answer:
Verified
Q15: What are the effects of an increase
Q29: If supply decreases and demand increases<br>A) the
Q160: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q201: Which of these would NOT be considered
Q210: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5016/.jpg" alt=" -Refer to the
Q242: Finding an apartment in New York City
Q254: Producer surplus is<br>A) the total difference between
Q255: Rationing of resources, goods, and services<br>A) is
Q273: Which of the following is NOT an
Q344: When supply increases and at the same