Which characteristic is PRIMARILY associated with a command economy? A) competition among suppliers in the market B) free access
2 answers:
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Answer: A: The current selling price matches the product's equilibrium price.
Explanation:
The graph is attached for a better analysis.
From the graph, we can see that the Equilibrium price is $400 while the equilibrium quantity supplied and Equilibrium quantity demanded is 4000.
Since the current selling price is $400 and the equilibrium price is $400 as well, then we can say that the current selling price matches the product's equilibrium price.
Therefore, the correct option is A.
Couldn’t type the whole thing so Hope this helps:)
