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LampSAbbyannon
LampSAbbyannon LampSAbbyannon
  • 15-04-2016
  • Social Studies
Answered

Price not only gives incentives, but it also provides a convenient way to summarize information to decision makers with regards to wants and _______.

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WorldCitizen WorldCitizen
  • 20-04-2016

The decision makers here are for example the people who are potential producers, so if I wander what I want to produce, it look at the prize. If it's high, it means that people want it a lot but that it's not easily available (the answer here is "availability) - which means that if I make more, i will reduce the prize but still make some profit

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