1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tomtit [17]
3 years ago
10

Which of the four main advantages of price in a free market economy would best represent the statement, “Prices can be easily in

creased to solve a problem of excess demand”?
price as an incentive

price system is “free”

prices as signals

flexibility
Social Studies
2 answers:
bazaltina [42]3 years ago
7 0

Answer:

The correct answer here is D: Flexibility

Explanation:

The free-market economy is a system which allows for several advantages, unlike other systems. One of them is the availability of products on the market for consumers to acquire. Also, it allows for people to innovate and create products that respond to the needs of consumers and at the same time to make a profit for their creations, without having anyone control what you produce, and how much you make from it. It all depends on the demand from consumers. The pricing system is a medium through which products acquire their value depending on the supply and demand available and also the existence of competition. As a product is brought out initially, its price will be high as it has no further competition and it may be unique. However, as more products become available, and competition rises, prices will start changing, and the ones who offer good quality at better prices will flourish while the others may fail. This shows the capacity for flexibility given by the pricing system.

Verizon [17]3 years ago
6 0
Your answer should "flexibility"
You might be interested in
Jamie coaches a team of 10-year-old girls in softball. When they lost to their archrivals by a score of 7-2, the girls complaine
DIA [1.3K]

Answer:

self-serving bias

Explanation:

The scenario being described is an example of a self-serving bias. This is mainly when someone blames other people or factors for the bad things that have happened to them. In this scenario, the girls are blaming the umpire as the reason that they lost the match, but in reality the girls most likely lost the match because they did not play as good as the oppossing team. For the team it is much easier to blame the umpire instead of accepting that the reason for losing was due to their own lack of practice.

7 0
3 years ago
Where do the majority of pedestrian-motorist crashes occur?
Morgarella [4.7K]

Answer:

According to NHTSA data, in 2019 most pedestrian traffic deaths occurred in urban settings (82%), on the open road (73%) versus intersections (26%), and during dark lighting conditions (80%).

Explanation:

7 0
2 years ago
Why does the constitution divide power among branched f the government
tangare [24]
Because they need to balance out the power between each branch, they need to check and balance each other
3 0
3 years ago
What are Jane Addams contributions to the field of sociology?
baherus [9]

Answer:sure

Explanation:

8 0
2 years ago
Why is it important to include evidence in an argumentative essay?
lawyer [7]
Without evidence it’s like saying “trust me bro” you need evidence to support your claims and strengthen your argument.
4 0
2 years ago
Other questions:
  • A flash mob is a sudden assembly of strangers in a public place for the purpose of performing some novel action (clapping for no
    7·1 answer
  • There are about 45 million u.s. students at all levels of the educational ladder.
    7·1 answer
  • This is the name of the non-profit special interest group who attempts to uphold the second amendment to the u.s. constitution.
    11·2 answers
  • Which of the following groups does NOT work to bring national attention to the elderly? a. the American Association of Retired P
    9·1 answer
  • Which of these statements best fits how a behavioral economist might view a situation?
    9·1 answer
  • How does your pursuit of a college education affect society and your place in society?
    10·1 answer
  • Please help! ONLY CORRECT ANSWERS PLEASE
    10·2 answers
  • Sociologists found that the effects of institutionalization on infants, i.e. lack of a caring environment, will result in slower
    5·2 answers
  • Answer the questions based on the text
    8·2 answers
  • The caledonian orogeny of baltica formed simultaneously with which appalachian orogeny?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!