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What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
How does market economy determine its price?
Supply of the item and demand by other countries determines the price.
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
Who or what determines the market price?
The Value of the Dollar
Explain Why the law of demand can apply only in a free market economy?
The law of demand is that, all other factors held constant, the quantity of a good demanded increases as the price of that good falls. In a command economy, unlike a free market economy, it is the govenment, not market supply and demand,that determines prices.
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
How does market economy determine its price?
Supply of the item and demand by other countries determines the price.
What is market driven?
Market driven means the market determines the price. In perfect competitions, the market determines the price of products, not the business.
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
Who determines what goods are produced in a market economy?
The Market(consumers... through their decisions) does it.
Who or what determines the market price?
The Value of the Dollar
Explain Why the law of demand can apply only in a free market economy?
The law of demand is that, all other factors held constant, the quantity of a good demanded increases as the price of that good falls. In a command economy, unlike a free market economy, it is the govenment, not market supply and demand,that determines prices.
What economy uses the equilibrium price?
a market economy
A sentence with market economy?
Because of a market economy the price of riddlers gum has to be 35 cents. :)
What happens to a stock price after a final public offerring?
The market determines it.
How price are determined in a competitive market?
based on economy
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.
