30.0k views
3 votes
7. In a free market economy, decisions are made according to the laws of

O supply and demand
O local government
O national government
O wealthy citizens​

User Jotne
by
4.9k points

2 Answers

3 votes
Free market decisions are made according to the laws of supply and demand.
User Williem
by
5.0k points
2 votes

Answer:

A

Step-by-step explanation:

In its best form, a free market economy will determine a price by supply and demand.

Local governments can't determine anything unless it is a local commodity or product which will not be used anywhere else. Even then, the government is interfering with supply and demand.

National government -- same answer as local government. Any government interference does not result in a free market economy.

There are not enough wealthy citizens around to influence many markets.

Your best answer is A

User Jeroen De Leeuw
by
5.3k points