In a market economy, supply and demand determine

a. both the quantity of each good produced and the price at which it is sold.
b. the quantity of each good produced but not the price at which it is sold.
c. the price at which each good is sold but not the quantity of each good produced.
d. neither the quantity of each good produced nor the price at which it is sold.

a

Economics

You might also like to view...

Monopoly is represented by a single seller

Indicate whether the statement is true or false

View
Economics

A stock investor may expect returns in the form of:

A. Present and future values B. Interest and dividends C. Interest and capital gains D. Dividends and capital gains

View
Economics