The decision about what goods and services will be produced in a market economy is made by
A) consumers and firms choosing which goods and services to buy or produce.
B) consumers dictating to firms what they need most.
C) workers deciding to produce only what the boss says must be produced.
D) producers deciding what society wants most.
E) lawmakers in the government voting on what will be produced.
A
Economics
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____________________: Price actually paid for a specific propert
Fill in the blank(s) with the appropriate word(s).
Economics
If the demand for a commodity is perfectly elastic, a downward shift in supply will result in lower prices
Indicate whether the statement is true or false
Economics