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Price Signals

Price Signals

Prices send signals and provide incentives for buyers and sellers in ways you possibly never thought about. In a market economy, price signals prevent massive shortages and ensure that consumer wants are largely satisfied. In this podcast, hear how price signals from gas prices influence decision-making for both a father of three and a production supervisor for an oil refinery. Do you see price signals influencing decisions in your life?... Show More
Keywords:
Decision Making, Prices, Markets, Shortages, Signals, Incentives, Podcast
Disciplines:
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More about this material

Material Type:
Reference Material
Date Added to MERLOT:
February 11, 2020
Date Modified in MERLOT:
February 11, 2020
Author:
 
Submitter:
Adrienne Brennecke
Primary Audience:
Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:
Audio File (e.g. Podcast)
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International

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