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The price system refers to the system by which

Economics
WAEC 1991
The price system refers to the system by which
  • A. the government controls price in the economic system
  • B. prices tends to rise to a general level
  • C. price allocates resources between consumer and producer goods
  • D. government allocate resources to consumers and producers
  • E. the producers fix the price for their products
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Correct Answer: Option C
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