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777dan777 [17]
3 years ago
15

How is price a language for buyers and sellers?​

Business
1 answer:
ZanzabumX [31]3 years ago
3 0
Prices communicate info and provide incentives to buyers and sellers. And sometimes there negotiating involved. High prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more.
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