Question

In a market economy supply and demand work to:

A. Create business competition
B. Increase economic scarcity
C. Set the price of goods
D. Lower profits for business

Answer 1

B

Step-by-step explanation

Obviously the answer would not be D because then the businesses would go out of business but the answer is also not C because then it would be harder to gain more money it isnt A because compitition means that you buisness could go under quicker if you are not careful

I think the answer is C because scarcity means necesity meaning more people would need to buy from you