The role of price in a market-directed economy is to
A. serve as a rough measure of the value of resources used to produce goods and services.
B. coordinate the economic activity of many people and institutions.
C. serve as a rough measure of the social importance of consumer goods and services.
D. allocate resources and distribute income according to consumer preferences.
E. All these answers are correct.
Answer: E
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Fill in the blank(s) with the appropriate word(s)