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

2310 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

How to explain a demand and supply graph for a certain good or service


Why is it ineffective to tax inelastic products as a means to deter their consumption?


What are the distinctive characteristics of a perfectly competitive market?


Outline the differences between the GDP, real GDP and green GDP.


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:

© 2025 by IXL Learning