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Harrizon [31]
3 years ago
10

When the "invisible hand" guides economic activity, prices of products reflect______________.

Business
1 answer:
FinnZ [79.3K]3 years ago
7 0

Answer:

b) both the values that society places on those products and the costs to society of producing those products 

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

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Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.

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I hope my answer helps you.

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