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

2437 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Evaluate the view that economic growth is best achieved through improvements in technology


What are economic stabliziers?


Explain how higher interest rates can impact the aggregate demand level in an economy and help close an inflationary gap?


Evaluate the use of monetary policy to achieve macroeconomic objectives.


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