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In a market economy, which of the following acts to bring prices down? A. an increase in consumer demand B. strict government regulation C. competition among producers D. having only one producer
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Sep 12, 2022
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In a market economy, which of the following acts to bring prices down?
A. an increase in consumer demand
B. strict government regulation
C. competition among producers
D. having only one producer
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Bbrinx
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Answer: c
Step-by-step explanation:
Arayan Singh
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Sep 14, 2022
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Arayan Singh
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C is the best answer. When there’s more competition, the producer will try to stand out by lowering the price of their products.
Zuzu
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Sep 16, 2022
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