Economy, asked by TusharMitra, 7 days ago

Important roles the price plays in the market economy system are transmission of signals and provision of incentives. True or False.​

Answers

Answered by NikithaPrabhu237
2

Answer:

True

Explanation:

The price of goods plays a crucial role in determining an efficient distribution of resources in a market system. Price acts as a signal for shortages and surpluses which help firms and consumers respond to changing market conditions. ... Rising prices discourage demand, and encourage firms to try and increase supply.

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