supply and demand determines prices levels for goods and services in a market economy.
A market economy is characterized by the free entry and exit of firms, that is, it is an economic system based on competition. In this context, firms compete for the market through price practices. Consumers will buy from the firms that practice the lowest price and firms that charge a higher price will be eliminated by the competition.
When the market places a price where the supply of goods and services will equal the demand for goods and services, the economy will be in equilibrium.
<span>D. The autumn ball was cancelled, and the students were devastated.
Makes the most sense</span>
A. They meant to punish the Massachusetts colonists for throwing there tea shipment into the Boston Harbor in reaction to changes in tax by the British to the detriment of Colonial goods.
Hope this helps:)
1.They had to depend on their hunting skills 2. Gathering skills 3. And on nature
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