havenbarcia havenbarcia
  • 15-09-2022
  • Social Studies
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what do low prices signal buyers to do?

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isaibauer isaibauer
  • 15-09-2022

Answer: Low prices signal buyers to buy more and producers to produce less. The signals we get from prices also serve as incentives which cause us to take additional actions. If the price of something goes up, you may decide to shop at a different location, or find a suitable substitute.

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