Question

In a market economy, a high price is a signal for:___________.1. Producers to supply more and consumers to buy less. 2. Producers and consumers to buy more. 3. Producers to offer less and consumers to buy more. 4. Government to step in and protect consumers.

Answer 1

1. Producers to supply more and consumers to buy less.

Step-by-step explanation:

In a market economy, a high price is a signal for Producers to supply more and consumers to buy less.

Answer 2

Answer: Answer is 1

Step-by-step explanation:

In a market economy, a high price is a signal for producers to supply more and consumers to buy less.