u/Flaming_Hidori

This isn't really to answer a specific question, but I've been trying to fully understand the price mechanism and it just doesn't make full sense. To my understanding it functions to allocate resources in a market and adjust quantity, using the three functions to do so. But it is also stated that the mechanism determines prices, and I have not been able to find any explicit explanation as to how it does this, being glossed over at most. So I'm left unanswered about how the mechanism is able to change price.