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In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
In what type of system is the price determined by supply and demand?
the market system!!!!
Which of these is most important in a free-market system?
The laws of supply and demand are the most important factors in a free-market system.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What describes a market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
What is an economic system in which production of goods and services is determined by demand from consumers?
A market economy is an economic system in which the production of goods and services is determined by the demand from consumers. Prices are set by supply and demand in the market, and businesses respond to consumer preferences in order to maximize profit.
In what type of system is the price determined by supply and demand?
the market system!!!!
Which of these is most important in a free-market system?
The laws of supply and demand are the most important factors in a free-market system.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What describe market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
What describes a market economic system?
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
What do you study in Economics in VCE?
The Australian Market system and basic economic concepts such as demand and supply.
Which component of a market system conveys information about what is relatively scarce and what is relatively abundant?
supply and demand
What component of a market system conveys information about what is relatively scarce and what is relatively abundant?
supply and demand
What factors are responsible for setting prices in a free market system?
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
What is the economic system based on the law of supply and demand during the cold war?
free market economy
