The main function of price in the economic system is to
The main function of price in the economic system is to
Allocate scarce resources among competing uses
Ensure equitable distribution of income and wealth
Determine the demand for and the supply of goods and services
Remove all the constraints on production of goods and services
Correct answer is A
No explanation has been provided for this answer.
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\(\begin{array}{c|c} Price (N) & 20 & 16 \\ \hline \text{Quantity demanded} & 100 &am...