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The free choices made by consumers and producers influence each other.
~Apex
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Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Which best explains how a free market system has a circular flow of influences?
Consumers decisions affect producers, and producer decisions affect consumers.
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
What is the role for consumers and producers in a free market system?
A circular flow model
What best explains what market forces are?
The properties of a free-market system that determine what the outcomes will be. (apex)
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Which best explains how a free market system has a circular flow of influences?
Consumers decisions affect producers, and producer decisions affect consumers.
Who of the following best explains how a free-market system has a circular flow of influences?
Consumer decisions affect producers, and producer decisions affect consumers
Why does a free market system follows a circular flow model?
consumersThe free choices made by consumers and producers influence each other.
Why the free-market system follows a circular flow model?
consumersThe free choices made by consumers and producers influence each other.
Why the free market system follows a circular flow model?
consumersThe free choices made by consumers and producers influence each other.
Why free market system follows a circular flow model?
consumersThe free choices made by consumers and producers influence each other.
Why does the free market system follows a circular flow model?
consumersThe free choices made by consumers and producers influence each other.
Explain why the free market system follows a circular flow model?
The free choices made by consumers and producers influence each other. ~Apex
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
What explains the factor 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 role for consumers and producers in a free market system?
A circular flow model
