explain how price act as a signal to consumer and producer?

if price increases, producer will increase producing the goods.

HS
Answered by HAZIQ SAFWAN B. Economics tutor

2363 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Explain the difference between expansionary and contractionary fiscal policies


How do I manage to write 4 essay/ long answer type responses within 90 minutes in Paper 1?


What is the law of demand?


Using a diagram, explain why firms in monopolistic competition are neither allocatively nor productively efficient?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning