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producers to supply more and consumers to buy less.
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∙ 12y ago
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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. :)
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
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. :)
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
How a mixed economy uses market mechanism to solve basic economy problem?
A mixed economy can use the price mechanism to solve basic economy problem by eliminating a surplus if there is a surplus of goods causing the problem. This will cause the market price of those goods to drop. The price mechanism can also be used to expand suppliersâ?? production of a certain good when prices are rising because there is a high customer demand for that good.
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.
Does Ecuador have a command economy?
a good one, kinda raffael correa is the president
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
How will the economy decide who gets the goods?
Usually, the price system does this rationing in a market economy.People who are willing to pay more plunk down their money and they get the scarce goods. People who aren't willing to pay the market price don't get the goods.
In a market economy a low price is a signal for?
low demand
