3 years ago

Why are free market economies able to grow?

1 answer:

7 0

Free market economy is a system that is solely based on the supply and demand and that there is very little or no governmental control at all. This type of government is able to grow because of its flexibility depending on the needs of the consumers and not on the imposed law by authorities.

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The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri

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We might expect revenue will rise given that Phoenix is a large city.

<h3>What is a revenue?</h3>

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

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Therefore, the Option B is correct.