Price signal

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

A price signal is information conveyed to consumers and producers, via the prices offered or requested for, and the amount requested or offered of a product or service, which provides a signal to increase or decrease quantity supplied or quantity demanded. It also provides potential business opportunities.

Excerpt from the Wikipedia article “Price signal”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Henning Schlottmann (User:H-stt), CC BY 4.0, via Wikimedia Commons.