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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
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22 votes
22 votes
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

User Patrick
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1 Answer

12 votes
12 votes

Answer:

A. a market economy

Step-by-step explanation:

A market economy uses supply and demand to control prices. For example, if the supply is low and demand is high, then the prices will be high and vice versa. This causes competition between companies and offers consumers different choices to buy from. Additionally, this type of economy has low government control giving citizens more freedom.

User STRML
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