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Misha Larkins [42]
3 years ago
14

Which statement best describes a pure market economy ?

Business
2 answers:
grandymaker [24]3 years ago
8 0

A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.

GREYUIT [131]3 years ago
7 0

Answer:

DOWN BELOW IS QUESTION OPTIONS

Explanation:

A: Producer intervention in economic choices is strictly forbidden.

B: The government determines economic choices and makes most decisions.

C: The decisions made by producers and consumers drive all economic choices.

D: Producers and consumers make some economic choices while the government makes others.

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When the demand curve shifts to the left and all else is held constant, the equilibrium price <u>falls</u> and the equilibrium quantity <u>falls</u>.

<h3>The types of chart.</h3>

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:

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