Register
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
20.2k views
3 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 Wesley Van Opdorp
by
3.3k points

1 Answer

4 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 Anchandra
by
2.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

Given several pollution sources within a given region. You have determined the level of pollutants that the environment can tolerate and need to design a regulatory system that guarantees that tis limit
A two-year-old child has a pet dog named Sophie. The child visits her neighbor and sees the neighbor's pet dog. Even though the neighbor's dog is larger and of a different color, the child points to it
Unilateral Contract:_________. A) Contract agreed to orally or in writing. B) Contract in which both parties make promises to perform; a promise is given in return for another's promise. C) A contract
A marker used to identify a person in a photo is called: A. a download B. a tag. C. TMI. D. "friending."
Why does laughter seem to qualify as a biological functions?
Link Copied!