Exam (elaborations)
AQA A-Level Economics The Market Mechanism Practice Exam And Actual Answers 2024.
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What are the 4 functions of prices? - Answer 1. The Signalling Function 2. The Incentive Function 3. The Rationing Function 4. The Allocative Function What is the signalling function of prices? - Answer Prices provide information to buyers and sellers, to help them plan and coordinate the...
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