The main function of price in the economic system is to?
Question
The main function of price in the economic system is to?Options
A)
allocate scarce resources among competing uses
B)
ensure equitable distribution of income and wealth
C)
determine the demand for and the supply of goods and services
D)
remove all the constraints on production of goods and services
Related Lesson: The Aggregate Production Function | Economic Growth
The correct answer is A.
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