What determines the number and prices of goods and services that will be
available to consumers in a market economy?
O
A. The law of marginal utility
B. The law of externality
O
C. The law of diminishing returns
O
D. The law of supply and demand

A market economy is an economy that exists in a perfect market. The economy is controlled by the forces of demand and supply. This means that no party controls or determines the price nor the quantity in the market, but the law of demand and supply.

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11-02-2020

Answer:

D. The law of demand and supply

Explanation:

The law of supply states that all things being equal the higher the price the higher the quantity of a commodity that will be supplied. The law states that when the price of a commodity is high in the market, more of it will be made available to consumers and vice versa

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What determines the number and prices of goods and services that will be available to consumers in a market economy? O A. The law of marginal utility B. The law of externality O C. The law of diminishing returns O D. The law of supply and demand

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Otras preguntas

What determines the number and prices of goods and services that will be
available to consumers in a market economy?
O
A. The law of marginal utility
B. The law of externality
O
C. The law of diminishing returns
O
D. The law of supply and demand