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Yiannis · Answer 1 · 2018-01-30T23:43:57+0000

In a free market economy the price is determined by supply and demand within the market. Demand being the quantity of something that buyers will be willing to purchase at a set price. And supply is the amount of the product that the sellers can offer at the set price.

Sennin · Answer 2 · 2018-02-01T04:35:11+0000

Prices are determined in a free market economy through the interactions of supply and demand in the Marketplace where demand is the quantity of a product that buyers are willing to purchase according to a given price and supply is the amount of a product that sellers can vendor to customers at a given price.

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