In a market economy who determines price? a. The buyer. b. The seller. c. The government....

In a market economy who determines price?

a. The buyer.

b. The seller.

c. The government.

d. The buyer and the seller together.

Solutions

Expert Solution

Option d

d. The buyer and the seller together.

A market economy is an economy works with the bargain of market stakeholders that is buyer and sellers so the price is fixed by the demand and supply of the buyer and seller in the economy.

A buyer fix price in the monopsony market

A seller fix the price in a monopoly market

A government fix price in control economy

Rahul Sunny answered 1 year ago

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