Podcast: Price Signals
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- Podcast: Price Signals
- Reserve Bank
- St. Louis
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?
|prices, market price, price controls, producers, consumers, sellers, buyers|