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When the price of a good increases, it signals to producers that there is a shortage of that good. This encourages producers to increase production
When the price of a good increases, it signals to producers that there is a shortage of that good. This encourages producers to increase production of that good, which will help to alleviate the shortage. This is an example of how the market system disseminates information. Question 23Answer a. True b. False
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
