How are prices determined in a pure market economy?

2 answers:

6 0

In a free market economy the price is determined by supply and demand within the market. Demand being the quantity of something that buyers will be willing to purchase at a set price. And supply is the amount of the product that the sellers can offer at the set price.

RoseWind [281]3 years ago

3 0

Prices are determined in a free market economy through the interactions of supply and demand in the Marketplace <span>where demand is the quantity of a product that buyers are willing to purchase according to a given price and supply is the amount of a product that sellers can vendor to customers at a given price.</span>

You might be interested in

Rajon is trying to decide between majoring in communications and majoring in engineering. He considers the intensity of each maj

Delvig [45]

The correct answer is letter B

Utility theory is widely used in economic science to explain how consumers or decision makers make their choices in the best way.

Even if it is not possible to measure the utility that a consumer attributes to a specific good, the theory seeks to compare and classify the alternatives of choice to the good.

3 0

3 years ago

Which of the following most resembles the grieving process?

Kazeer [188]

1. Shock
2. Pain
3. Anger
4. Acceptance

4 0

3 years ago

Look at picture

slega [8]

Answer: Probably C

Explanation: Isnt this on Compass learning?

3 0

3 years ago

Which country has a yin and yang symbol on its national flag?

Tresset [83]

I apologize if this is incorrect, but I believe it's the flag of South Korea.

3 0

3 years ago

The _____ is the legislation that governs the United States regulation of chemicals.

pogonyaev

Answer:

Toxic Substances Control Act

Explanation:

Administered by the Environmental Protection Agency of the united states of America, the Toxic Substances Control Act of 1976 authorizes EPA to regulate the chemicals, record-keeping and testing, distribution of chemicals and restrictions on chemical substances and/or mixtures. Some substances, including food, drugs, cosmetics, and pesticides, are generally excluded from TSCA.

3 0

3 years ago