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How should price be determined?
by supply and demandby market priceby market mechanismtaxes and subsides
How are wages determined in a free market?
by the laws of supply and demand
In what type of system is the price determined by supply and demand?
the market system!!!!
In a market economy income is primarily determined by?
the quantities and prices of the resources that households supply.
Flexible exchange rates are determined by?
By the demand and supply of currencies in the global exchange market.
How should price be determined?
by supply and demandby market priceby market mechanismtaxes and subsides
How are wages determined in a free market?
by the laws of supply and demand
In what type of system is the price determined by supply and demand?
the market system!!!!
How can price be determined in a free market economy?
Price in a free market economy is determined by the interaction of supply and demand. When demand for a product exceeds supply, prices tend to rise. Conversely, when supply exceeds demand, prices tend to fall. This price mechanism helps allocate resources efficiently based on consumer preferences and production costs.
In a market economy income is primarily determined by?
the quantities and prices of the resources that households supply.
Flexible exchange rates are determined by?
By the demand and supply of currencies in the global exchange market.
What is a market interest rate?
The market interest rate is the rate of interest on cash deposits or loan which is determined by the market. Factors such as demand and supply of cash in the market
How are prices established in the foreign-exchange market?
As in all other market, prices of the currencies pairs are determined by the supply and demand of the market. When the demand is higher than the supply the price increases and vice versa.
Is England an planned economy?
No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.
In a market economy the distribution of output will be determined primarily by?
the quantities and prices of the resources that households supply.
Is price determined by interaction of total demand and total supply in market under perfect competition?
Yes
Is characterized by the unregulated exchange of service and goods?
A free market is a market where prices are determined by supply and demand. Free markets contrast with controlled markets in which prices, supply or demand id directly controlled.
