In a market system, ________ provide signals about whether resources are relatively scarce or abundant.
A)prices
B)economists
C)government officials
D)scientists and engineers

Question

Quizplus · Accepted Answer

In a market system, prices serve as signals to both producers and consumers about the relative scarcity or abundance of resources. Higher prices indicate scarcity and lower prices indicate abundance. This helps individuals and businesses make decisions about production, consumption, and investment.

In a Market System, ________ Provide Signals About Whether Resources