Answer:
a. they distribute scarce goods to those consumers who value them most highly.
Explanation:
Price of a commodity is the amount a manufacturer or producer is willing to sell goods and services.
Attaching a price to a commodity is the easiest way to efficiently distribute scarce goods to the consumers that are in dire need of them.
- Since resources for production are scare and limited.
- It takes a particular cost for production resources to be assembled into a finished product.
- The cost of production often translates to the asking price the producer is willing to sell it.
- Every commodity produced is aimed at satisfying a particular need for them.
- Price often brings disparity when consumers are choosing the most important goods they want.
- This often leads to the sorting of scale of preference usually based on needs and the importance they attach to them.
- This way scarce goods will reach consumers that place priority to them.
