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Natali5045456 [20]
2 years ago
12

In a market economy economic activity is guided by.

Business
1 answer:
e-lub [12.9K]2 years ago
5 0

Answer:

Who controls the economy in a market economy?

Market economies are not controlled by a central authority (like a government) and are instead based on voluntary exchange. Market economies rely on the interplay between supply and demand to function.

Explanation:

Please tell me if I am right If so branliest would be nice

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After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult
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Answer:

Steak is a normal good, and hamburger is an inferior good for Jennie

Explanation:

Based on this behavior, we can assume steak is a normal good, and hamburger is an inferior good for Jennie. That is because a normal good is any good who's demand increases when there is a rise in the consumers' income, while an inferior good sees decreased demand due to a rise in income. Therefore, since Jenna buys more (increased demand) steak and less (decreased demand) hamburger due to her increased income this means that steak is a normal good, and hamburger is an inferior good for Jennie

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