How is price determined in a market economy?

1 answer:

7 0

Prices are determined in a free market economy through the interactions of supply and demand in the marketplace, 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.

DO NOT USE FOR ESSAY I COPIED IT OFF OF REFERENCE .COM SO DONT USE FOR ESSAY JUST REWORD IT ALOT AND YOU WILL DO FINE. IT ISNT PLAGARISIM BECAUSE I TOLD YOU I GOT IT OFF OF A SITE TO HELP YOU AND OTHERS IN NEED OF HELP.

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