https://padlet.com/20boursy/d1qogfchnr3f What does price tell us about life in a mixed economy. en-us 2019-04-04 18:09:27 UTC 2019-05-01 14:43:58 UTC hello@padlet.com 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355788749 1) When major events interfere with production, they drive producers to change prices and makes markets have to adjust quickly.
2)Prices give markets the opportunities they need to reach equilibrium even when the market is changing.]]> 2019-05-01 13:57:11 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355788749 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355805389 1) When opportunity cost is high, people tend to think carefully before spending  their money. 
2) By examining the price of a product, you can understand the quality of the product, and realize who the producers intend that their marketers will be.]]> 2019-05-01 14:30:46 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355805389 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355806659 1) Changing prices motivate producers to produce more, and encourage new firms to enter the market. 
2) The opportunity to earn a higher “price” can inspire people to enter the workforce of higher-paying jobs.]]> 2019-05-01 14:33:27 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355806659 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355807804 1) The most important role of a price of a product in a market based economy is to use resources as efficient as they can, to those who are willing to spend that price for such product.
2) The demand of a product will drive producers to produce more and get the amount needed in order for them to meet their markets demand.]]> 2019-05-01 14:35:44 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355807804 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355810520 2019-05-01 14:41:29 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355810520 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355810723 2019-05-01 14:41:58 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355810723 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355811366 2019-05-01 14:43:07 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355811366 20boursy https://padlet.com/20boursy/d1qogfchnr3f/wish/355811942 2019-05-01 14:43:58 UTC https://padlet.com/20boursy/d1qogfchnr3f/wish/355811942