Prices can work to benefit the public interest by
A)raising corporate profit levels.
B)improving the fairness of the distribution of income.
C)allowing government to regulate the economy.
D)allocating scarce resources to those who value the resource the most.

Question

Quizplus · Accepted Answer

Prices help to allocate scarce resources to those who value them the most since consumers are willing to pay more for goods and services that they desire or need. This encourages businesses to produce more of those goods and services to meet the demand, leading to a more efficient market allocation of resources.

Prices Can Work to Benefit the Public Interest by