Which of the following is not a function of prices in a market system? Prices send signals to buyers and sellers to help them make rational economic decisions. Prices make an equitable distribution of goods and services among consumers and producers possible. Prices have the crucial job of balancing supply and demand. Prices coordinate economic activity.
Added by Haha H.
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Prices send signals to buyers and sellers to help them make rational economic decisions: This is true. Prices provide information to both buyers and sellers. If the price of a product increases, it signals to the buyers that they should buy less or look for Show more…
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