Question

Which of the following coordinates the choices of buyers and sellers, bringing quantity demanded and quantity supplied into balance? a. taxes and subsidies b. consumer demand c. government mandates d. the market price

Answer 1

Answer: The market price.

Step-by-step explanation:

In a price elastic market, the market price largely influences consumer demand which in turn directly affects producers supply. For example in a price elastic market, when the price of a product reduces the consumer demand for that product increases which in turn leads to an increase in supply of that product to the market.

Answer 2

d. the market price

Step-by-step explanation:

The market price also known as the equilibrium price is the price that equates the quantity demanded to the quantity supplied. The market price is where the demand curve equals the supply curve.

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