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

2398 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Explain the impact an increase in cost of productions might have on the market price and output of a good


Explain the different types of unemployment.


Evaluate a fixed exchange rate system


Explain why a firm in perfect competition can not experience abnormal profit in the long run.


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