k incentive assignment before question my score: 73.67/116 buyers and sellers receive information about what…

k incentive assignment before question my score: 73.67/116 buyers and sellers receive information about what should be bought and what should be produced a. from friends and family. b. from newspaper gossip columns. c. by listening to tv news programs. d. from prices in a market system.

k incentive assignment before question my score: 73.67/116 buyers and sellers receive information about what should be bought and what should be produced a. from friends and family. b. from newspaper gossip columns. c. by listening to tv news programs. d. from prices in a market system.

Answer

Brief Explanations:

In a market - based economic system, prices act as signals. High prices indicate high demand and may encourage producers to increase production and consumers to reduce consumption, and vice - versa. Information from friends, family, gossip columns, or TV news programs is not the main source for buyers and sellers to know what to buy and produce in an economic sense.

Answer:

D. from prices in a market system.