https://padlet.com/20pottli/vcddme9enhd4 Lindsey Potter en-us 2019-04-04 18:12:13 UTC 2024-12-20 01:36:27 UTC hello@padlet.com 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348670174 To consumers price signals the opportunity cost of an object and to producers it signals what consumers want. ]]> 2019-04-04 18:17:21 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348670174 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348671078 Producers use prices to appeal to consumers they hope to buy a product. ]]> 2019-04-04 18:18:44 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348671078 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348672055 Prices function as an incentive because it represents potential for profits. ]]> 2019-04-04 18:20:26 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348672055 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348672816 Prices help motivate workers in the form of salaries and wages; just like prices help motivate producers. ]]> 2019-04-04 18:22:00 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348672816 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348673687 Prices help markets adjust quickly when natural disasters or major events have happened. ]]> 2019-04-04 18:23:40 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348673687 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348675091 After a major event/ natural disaster goods will begin to fluctuate, which can cause demand and supply to have to adjust so that they are in line with one another. ]]> 2019-04-04 18:26:24 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348675091 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348676075 Price has a very important role in the market-based economy and that is to guide resources to their most efficient uses.]]> 2019-04-04 18:28:12 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348676075 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348676825 Firms that are in great demand of a certain product will purchase that product to meet the demand. These products have guided prices based on what consumers want. ]]> 2019-04-04 18:29:45 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348676825 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348971214 2019-04-05 15:23:20 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348971214 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348971627 2019-04-05 15:24:21 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348971627 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348972663 2019-04-05 15:26:46 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348972663 20pottli https://padlet.com/20pottli/vcddme9enhd4/wish/348973111 2019-04-05 15:27:42 UTC https://padlet.com/20pottli/vcddme9enhd4/wish/348973111