Read this encyclopedia Britannica entry on thePrice System.https://www.britannica.com/topic/price-system

Post an Original Comment. Your post needs to begin with ashort quote you have selected about the price system, followed by an example or evidence that either refutes or supports the quote's central tenet(s). (including current events, historical applications, or problems people and society are confronted with). Respond substantively to someone else by outlining a different application or interpretation of the quote and asking a question that will take the discussion further. Answer one of the questions posed with evidence or a source. Please write 150 words.

For example,A quote that caught my attention was "High prices in a properly functioning price system thus serve as incentives to produce more and consume less, and lower prices serve as corresponding deterrents. In addition, the price system is a method of communicating information." Although this may be the case in many instances, gas prices do not follow this method. Gas has always been something that people need and the demand for gas will most likely never change. Gas folows a supply and demand pattern.

For example, gas prices went up drastically in the last couple of months, and now they're beginning to decrease; the demand for gas never changed, if anything it increased even more.