Which of the following statements about markets and prices iscorrect? Multiple Choice a. In a market system,

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Which of the following statements about markets and prices iscorrect?

Multiple Choice

a. In a market system, buyers and sellers must be inface-to-face contact with each other.

b. Prices affect the distribution of goods in a market system,but not the allocation of resources.

c. In a market system, prices serve to ration goods and servicesto consumers.

d. The operation of a market system has little, if any, effecton the distribution of income in the economy.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Dec 13, 2022 10:40 AM

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Which of the following statements about markets and prices iscorrect? Multiple Choice a. In a market system,

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Answer c In a market system prices serve to ration goods and services to consume... View the full answer

Exploring Economics

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