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Describe the role of prices in market economies
Chapter 4, Problem Questions for Review 4.9(choose chapter or problem)
QUESTION:
Describe the role of prices in market economies.
Questions & Answers
QUESTION:
Describe the role of prices in market economies.
ANSWER:Step 1 of 2
The market is described as the place where buyers and sellers meet to strike a deal about the quantity and prices of goods and services that have to be bought and sold.