Question

All of these are features of prices, except _______.

Answer 1

Answer:

Signals to consumers

Explanation:

Because the consumers are the ones who signal the retaliors on what they want to buy, and give them a sense of current demand.

Answer 2

The correct answer is C) created by governments.

All of these are features of prices, except "created by governments."

In economics, when we are talking about prices, we have to consider that the government establishes minimums and maximums about pricing for basic goods that are needed in a society. This is due to people can afford those goods. But in an open market economy, prices are established by supply and demand, and the government does not interfere, just in extreme cases when some kind of regulation is needed to keep control of the economy.