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How do prices act as signals to allocated goods, services, and productive resources in a market economy?
High prices act as an incentive to drive demand higher.
B) Low prices act as an incentive for producers to increase inventories.
C) Low prices act as an incentive to drive consumers to substitute goods and services.
D) High prices act as an incentive to increase the supply of a good, service or productive resource.
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Which of the following is true of all geographic locations on earth?
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Chris lives in a city that experiences heavy rainfall with average annual precipitation of 882 millimeters. it is warm all year.mark lives in city with an average annual rainfall of 40 millimeters. it has hot summers and cool winters.chris's city is in a climate, while mark's city is in a climate.
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How do prices act as signals to allocated goods, services, and productive resources in a market econ...
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