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e-lub [12.9K]
3 years ago
15

In a free market supply and demand determines

Social Studies
2 answers:
bazaltina [42]3 years ago
4 0
In a free market, supply and demand determine the number of goods produced: the more needed, the more is produced, and the type of goods produced: only the goods that are needed are produced.
Oxana [17]3 years ago
4 0

Answer:

It determines the Price in a free market.

Explanation:

The point that supply and demand meets is the price of the good in a free market with a perfect competitive market.

Equilibrium is defined as the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves. Market equilibrium is a situation in a market when the price is such that the quantity that consumers wish to demand is correctly balanced by the quantity that firms wish to supply.

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Option d

<u> Explanation: </u>

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