14. The role price plays in a market is: a. they distribute scarce goods to those consumers who value them most highly. b. when prices are in equilibrium, product shortages or surpluses can occur. c. they help eliminate poverty. d. they eliminate scarcity.

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.

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