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1.Market prices coordinate economic activity by providing the proper incentives and bringing into harmony the desires of buyers and sellers. Explain how market prices coordinate
1.Market prices coordinate economic activity by providing the proper incentives and bringing into harmony the desires of buyers and sellers. Explain how market prices coordinate the following:
a.The actions of those wanting to save with those wanting to borrow.(2 mks)
b.The relationship between a country's exports and imports.(2 mks)
c.The markets for labor in terms of job seekers and employment offerings. ( 2mks)
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