tjp580680 tjp580680

18-06-2024
Social Studies

Answered

What does the market price depend on in a free market?

A. Supply and demand
B. The government negotiating the price with consumers

Answer :

GinnyAnswer GinnyAnswer

18-06-2024

Final answer:

In free markets, prices are determined by the relationship between demand and supply, acting as a mechanism for information transmission between buyers and sellers.

Explanation:

Prices in free markets depend on the relationship between demand and supply. In a market-oriented economy, prices act as a mechanism for transmitting information between buyers and sellers.

Consumers react based on their preferences and budget set.
Producers adjust based on the impact on expected profits.
No government oversight guides the responses to price changes.

Learn more about market price determination here:

https://brainly.com/question/44868331

Answer Link

Other Questions

5. A Shakespearean sonnet is constructed of three four-line sections, called __________, followed by a two-line couplet.A. singlets B. quatrains C. octaves D

Why do many entrepreneurs not draw up business plans?What are the most likely results of not having a business plan?

4)A scientist notes the bacteria count in a Petrie dish is 70. Two hours later, he notes that the count has increased to 110. If the rate of growth continues, h

Given [tex]\( g(x) = e^{x} \)[/tex], evaluate each of the following:(a) [tex]\( g(\ln 3) \)[/tex](b) [tex]\( g\left[\ln \left(2^2\right)\right] \)[/tex](c) [tex

Use the definition of inverses to determine whether [tex]\( f \)[/tex] and [tex]\( g \)[/tex] are inverses.[tex]\[ f(x) = 2x - 6 \][/tex][tex]\[ g(x) = \frac{x}

Who was Herbert Hoover?A. The person who built the Hoover DamB. The president during the beginning of the Great DepressionC. A famous person who lived in a shan

Question 1 of 6What is the main purpose of having auto insurance?Select a response.A. To protect yourself against unintentional costs and financial lossesB. To

2.When describing a variable, we often want to know its central tendency (i.e. mean, median, mode). What are the advantages and disadvantages of each of these m

The number of students who are enrolled in math classes at a local college can be represented by E = −16w + 550, where E represents the math class enrollment

Suppose an isosceles triangle [tex]$ABC$[/tex] has [tex]$\angle A = \frac{\pi}{6}$[/tex] and [tex]$b = c = 5$[/tex]. What is the length of [tex]$a^2$[/tex]?A. [

Points A,B,C,D, and E are collinear and in that order. Find AC if AE = x+50 and CE = x+32.

What provides the force necessary to start a building or bridge oscillating?

How to write 5.104 in word form

-1/2 divided by what equals -7/3

Please solve this problem. Thnaks(3x-4)²

how do you work out 18 divided by minus 3

Why was the Monroe Doctrine important for the United States ?

round this number 2.87 nearest tenth

Radar indicates a car is traveling at 90 miles per hour. How fast is the car traveling in kilometers per hour? (Use this conversion formula: 1 mile = 1.609 kilo

What is the ratio of 15/18=5/h