The price system is an important component of the market because it . (I point) ensures that producers are able to prot Q guarantees that consumers get the goods that they want 9 coordinates the activities of producers, consumers, and owners of resources 0 prevents spillover effects from occurring A recent diet trend has made snack cakes far less popular than they once were. As such, demand for snack cakes is expected to fall. As demand falls, . (1 point) 0 producers make lower profits, and some will exit the market 0 producers make higher profits, and more will enter the market Q consumers face lower prices. and are encouraged to consume more 0 consumers face higher prices. and are encouraged to consume less In a free market economy. what signal do high prices send? (1 point) Q The government should intervene to protect consumers. Q Producers should supply less and consumers should buy more. C) Producers should supply less and consumers should buy less. 0 Producers should supply more and consumers should buy less. Falling oil prices would signicantly lower the cost of production for many goods. Producers of plastic kayaks, for instance. would be able to produce larger quantities of their'product given the decrease in input costs. Which of the following illustrates how consumers respond to the price incentive brought about by the subsequent increase in supply? (1 point) Q Falling prices lead consumers to purchase fewer kayaks. 9 Falling prices lead consumers to purchase more kayaks. G Rising prices lead consumers to purchase fewer kayaks. Q Flising prices lead consumers to purchase more kayaks