Prices Chapter 6. Lesson 1: How Prices Work Essential Question: How do prices help determine What, How, and For Whom to produce?
Economics Chapter 6 Prices and Decision Making. Prices as Signals Price- the monetary value of a product as established by supply and demand- is a signal.
Prices and Decision Making. Price The monetary value of a product as established by supply and demand Signals: –High prices: producers to produce more.
