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Supply of the item and demand by other countries determines the price.
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∙ 14y ago
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Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
What economy uses the equilibrium price?
a market economy
In a market economy who determines the market price?
Compention
A sentence with market economy?
Because of a market economy the price of riddlers gum has to be 35 cents. :)
In what form of economy do consumers help to determine the distribution of goods?
Market Economy
Prices in a market economy determine?
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
How can price be determined in a free market economy?
In a perfect free-market economy, price is determined by supply and demand.
What economy uses the equilibrium price?
a market economy
In a market economy who determines the market price?
Compention
A sentence with market economy?
Because of a market economy the price of riddlers gum has to be 35 cents. :)
In what form of economy do consumers help to determine the distribution of goods?
Market Economy
How do you determine the market price of gold in Saudi?
the world market price in US $ which equal to SR3.75.
What is a Price-coordinated economy?
A price coordinated economy is one where prices determine the allocation of scarce goods and services.
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
How price are determined in a competitive market?
based on economy
Consumers help to determine the distribution of goods.?
Market economy (A+)
Why is the price system so important to a free market economy?
The price system is so important to the free market economy because the price system allows a company to compete within the market by setting a price that is fair for consumers and the provider. A fixed price system causes the market to fail if prices of supplies rise.
