Question

In which type of economy do the forces of supply and demand typically drive prices?

A. a market economy
B. a traditional economy
C. a planned economy
D. a command economy
Please select the best answer from the choices provided,
A
B
C
D

Answer 1

A. a market economy

Step-by-step explanation:

A market economy is the type of economy that forces supply and demand, meaning it typically drives prices.

Answer 2

The kind of economy that is determined by supply and demand is a market economy - answer a) a market economy is the correct one

In a command and planned economies the government decides over prizes and production (the two are roughly synonymous).

A traditional economy is an economy based on exchange, not money.