0
in class room economic: make more
in real world economics: flood the market and raise prices
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are the functions of prices in a market economy?
Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.
What signals do high prices send to producers and consumers?
I asked this question why does nobody know this please help me ):<
What do consumers send to producers to let them know what goods are wanted?
Market signals.
What is the role of prices in market economics?
Price Mechanism Price mechanism is the point which equilibriates supply and demand within a market. It is a mechanism of pricing.The price mechanism is one which allows the prices of good and services to be decided by the interplay between supply and demand. There is no centralised price fixing. The price mechanism is the concept that the free market, when left to its own devices, will formulate fair prices of the goods or services on its own by the natural laws of supply and demand.
1 What is meant by this statement Quotas are hidden tax on consumers whereas tariffs are a more obvious one?
Tariffs are active taxes which are reflected in the price. Qoutas restrict supply consequentially which send market prices up higher
What are the functions of prices in a market economy?
Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.
What signals do high prices send to producers and consumers?
I asked this question why does nobody know this please help me ):<
How can you stop the rise of gas prices?
The people must all unite and agree for an appropriate price and then we send a bill to the government and they decide for us.
To send a message in Morse code signal what kind of signal would you have to send?
Binary telephone signals.
Which a signal immobilizer is send to kill the engine?
I want to know the signal that immobilizer send to stop the car engine
Why brain send signal to the body?
kinetic
What is homing signals?
A homing signal is a signal that alligators send to each other at their homes to tell them where they are.
What can you use a signal generator to find?
To trace a problem in an amplifier. Send in a signal and trace its' path.
Do spiders send out signals when killed?
do wasp send out a signal to other wasp when killed by a person
Is there a box that will receive wifi signal then send it out again at full signal?
I believe you are talking about a wireless repeater.
What do consumers send to producers to let them know what goods are wanted?
Market signals.
What is signals in uml?
UML Activity Diagrams have Send Signal Action.This action creates an instance of a Signal from its inputs, and transmits it to the target object, where it may cause some behavior to be executed as a response to the signal received.A Signal is a classifier which describes send request - i.e. the data to be transmitted from a sender of the signal to the receiver. The data carried by a send request are represented as attributes of the signal.See details and examples in related links below.
