What are the answer choices ?
The three economic system include:
- Free market economic system
- Command economic system
- Mixed economic system
<h3>What is an economic system?</h3>
It should be noted that an economic system simply means the means of production and distribution of goods and services in an economy.
The free market economic system is the market system where the production and distribution is done by the consumers.
Command economic system is the the market system where the production and distribution is done by the government.
Mixed economic system is the market system where the production and distribution is done by the consumers and government.
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Answer:
Most likely price for cigars was too low because quantity demanded exceeded quantity supplied.
Explanation:
A. too low because demand exceeded supply.
B. too low because quantity demanded exceeded quantity supplied.
C. too high because supply exceeded demand.
D. too high because quantity supplied exceeded quantity demanded.
It is stated that there is a shortage of cigarettes, this means that it was no possible to fulfill the quantity of product that was being demanded by the customers, then the most possible situation is that because of the low cost of the product it became more popular leading to losing the balance between demand and supply.
The answer would be a. semicolon because the semi-colon can be used to replace conjunctions in a sentence.
