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amethystyellowjacket389Lv1

11 Dec 2019

Supply and demand determines prices levels for goods and services in a

market economy

traditional economy

demand economy

command economy

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Shree Harini VLv5

4 Sep 2020

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Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

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ISBN: 9781947172388

Principles of Microeconomics

ISBN: 9781947172340

Related questions

The government determines prices for goods and services in a ____________.

a. Command economy

b. Mixed economy

c. Free-market economy

d. None of these is correct

sapphiremacaw553

The economic system that answers the What, How, and For Whom questions using prices determined by the interaction of supply and demand is a:

a. traditional economy.
b. command economy
c. market economy.
d. soviet economy.

ochrerhinoceros117

___is an economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces, as well as the rules and manner of their distribution.

a) Traditional economy.

b) Command economy.

c) Market economy.

d) Mixed economy.

e) None of the above,

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