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Rudik [331]
3 years ago
10

How are prices determined in a pure market economy?

Social Studies
2 answers:
nikdorinn [45]3 years ago
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>
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