The main function of price in the economic system is to?
ECONOMICS
WAEC 1999
The main function of price in the economic system is to?
- A. allocate scarce resources among competing uses
- B. ensure equitable distribution of income and wealth
- C. determine the demand for and the supply of goods and services
- D. remove all the constraints on production of goods and services
Correct Answer: A. allocate scarce resources among competing uses
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