Guests in the Superior room called to report that the air conditioner was noisy, leaking, and could not stay. And the hotel has no equivalent Superior room. In this situation, how will the front desk handle?

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.