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- Subject
- Marketeconomics-mcqs › market
- Published
- 31 May 2019
- Last updated
- 28 May 2026
Which of the following is NOT a function of the price mechanism?
Multiple choice question for Market. Select an option, then review the explanation below.
Explanation
The price mechanism can signal changes in the market, offer incentives, and ration scarce resources. However, it does not shift the demand curve itself; rather, it causes movement along the existing demand curve.
More Market MCQs
Practice related questions from the same subject.
- 1.Broadcasting firms use satellite TV subscriptions and signal detection tools primarily to combat which issue?
- 2.Which of the following is a classic example of a public good?
- 3.Which of the following factors can lead to market failure?
- 4.When a neighbor burns yard debris and smoke enters your home, what type of externality does this represent?
- 5.Why is a competitive equilibrium considered Pareto efficient?