Question

The price system is an important component of the market because it _____.(1 point)
Responses

ensures that producers are able to profit
ensures that producers are able to profit

coordinates the activities of producers, consumers, and owners of resources
coordinates the activities of producers, consumers, and owners of resources

prevents spillover effects from occurring
prevents spillover effects from occurring

guarantees that consumers get the goods that they want

Answer 1

The price system is an important component of the market because it **coordinates the activities of producers, consumers, and owners of resources**.