Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

A good's market price communicates important information to decision makers in the economy.
a. true
b. false


Sagot :

The statement, a good's market price communicates important information to decision makers in the economy, is true.

In the market, the consumer-buyers and producer-sellers make their own independent decisions and they are referred as decision makers, but market prices coordinate their choices and influences their actions. Thus, here the equilibrium is a state in which the conflicting forces of demand and supply are in balance.

Prices indicates information and provide incentives to buyers and sellers. So in the market, high prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more.

Hence, option A is correct.

To learn more about decision makers here:

https://brainly.com/question/12959975

#SPJ4

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.