For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is
A)advertising.
B)quality.
C)reputation.
D)price.

Question

Quizplus · Accepted Answer

Price is the primary signal that guides the decisions of buyers and sellers in a market economy. It reflects the supply and demand for a good, influencing both the quantity that producers are willing to sell and the quantity that consumers are willing to buy.

For Most Goods in an Economy, the Primary Signal That