Fill in the blanks: Market prices serve as the _____________ of the market system. They communicate information

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Fill in the blanks:

Market prices serve as the _____________ of the market system. They communicate information about the _____________ to buyers, and they provide sellers with critical information about the _____________ that buyers place on those products. This communication results in a shifting of resources from those uses that are _____________ valued to those that are _____________ valued.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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