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Why does Hayek think that prices are important in an economy? Question 3 options: Prices, at least when publicly posted, make it possible to ensure
Why does Hayek think that prices are important in an economy? Question 3 options: Prices, at least when publicly posted, make it possible to ensure that every customer of each seller gets charged the same amount Prices enable people to respond automatically to changes in economic circumstances so that more highly demanded goods are supplied in greater quantity and less highly demanded goods are supplied in lesser quantity Prices help us to measure how well-off everyone is since we can use that information to determine how much each person consumes Prices are an important source of data that enables economists to calculate the best allocations of resources throughout society
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