Answers>Economics>IB>Article

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

if price increases, producer will increase producing the goods.

Answered by HAZIQ SAFWAN B. • Economics tutor

2552 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Can you explain the concept of the Price Elasticity of Demand?

What is the Short Run Aggregate Supply curve and why is it upwards sloping?

Describe why excess profits can't be made in a competitively perfect market.

I do not understand how demand and supply work, can you please explain it to me?

Popular Requests

Maths tutor Chemistry tutor Physics tutor Biology tutor English tutor GCSE tutors A level tutors IB tutors Physics & Maths tutors Chemistry & Maths tutors GCSE Maths tutors

CLICK CEOP

Internet Safety

Payment Security

Cyber

Essentials

MyTutor is part of the IXL family of brands:

IXL

Comprehensive K-12 personalized learning

Rosetta Stone

Immersive learning for 25 languages

Wyzant

Trusted tutors for 300 subjects

Education.com

35,000 worksheets, games, and lesson plans

Vocabulary.com

Adaptive learning for English vocabulary

Emmersion

Fast and accurate language certification

Thesaurus.com

Essential reference for synonyms and antonyms

Dictionary.com

Comprehensive resource for word definitions and usage

SpanishDictionary.com

Spanish-English dictionary, translator, and learning resources

FrenchDictionary.com

French-English dictionary, translator, and learning

Ingles.com

Diccionario ingles-espanol, traductor y sitio de apremdizaje

ABCya

Fun educational games for kids