35.5k views
2 votes
Explain how a market economy reacts to consumers.

User Geovani
by
6.4k points

1 Answer

2 votes

Answer:What is a Market Economy? ... The principle of market economy dictates that producers and sellers of goods and services will offer the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved.

Step-by-step explanation:

User Lee Chun Hoe
by
6.2k points