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12 July, 03:38

What message do high prices send to producers?

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  1. 12 July, 04:27
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    Prices can act as a signal to both producers and consumers: - A high price tells producers that a product is in demand and they should make more. - A low price indicates to producers that a good is being overproduced. - A high price tells consumers to think about their purchases more carefully.
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