Question

In a free market supply and demand determines

Answer 1

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.

Answer 2

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.