Price Mechanism

YUP

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If supply decreases...
consumer will decrease the amount they demand
1 of 3
The price mechanism allows Consumer to signal
the changing nature of their needs and wants
2 of 3
Decesion making is....
decentralised
3 of 3

Other cards in this set

Card 2

Front

The price mechanism allows Consumer to signal

Back

the changing nature of their needs and wants

Card 3

Front

Decesion making is....

Back

Preview of the front of card 3

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