In a market economy, prices are established by

A) consumers and labor unions.

B) decree of government agencies.

C) the interaction of supply and demand.

D) businesses that buy and sell the products.

Question

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Janae Walker

21 February, 16:05

In a market economy, prices are established by

A) consumers and labor unions.

B) decree of government agencies.

C) the interaction of supply and demand.

D) businesses that buy and sell the products.

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Answers (1)

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Antoine Manning · Answer 1

C) the interaction of supply and demand.

Explanation:

This interaction of supply and demand and the effect it has on price is a basic characteristic of a market economy. Government does not set price requirements in a market economy.

In a market economy, prices are established byA) consumers and labor unions.B) decree of government agencies.C) the interaction of supply and demand.D) businesses that buy and sell the products.

In a market economy, prices are established by

A) consumers and labor unions.

B) decree of government agencies.

C) the interaction of supply and demand.

D) businesses that buy and sell the products.