Recently, price increases for electricity in California reduced the amount of power Californians consumed, averting predicted brown-outs. This is an example of which of the functions of prices in a market economy?

a.To allocate goods among consumers to those who value them the most.

b.To give producers an incentive to direct their efforts to producing goods that consumers value the most.

c.To give consumers an incentive to conserve scarce resources.

d.None of the above.