Question

in a market economy supply and demand work together to:
A. lower profits for businesses
B. increase economic scarcity
c. create business competition
D. set the prices for goods

this is in apex learning by the way

Answer 1

Answer:

D. set the prices for goods

Explanation:

In a free-market economy, the forces of demand and supply work together to set the prices for goods.

The government has no control over price action.

• In a market economy, demand and supply determine the rate of production.
• Demand is controlled by the want and needs of consumers.
• Supply responds to this by either increasing or decreasing production.
• In turn, the price of commodities takes shape due to these forces.

Answer 2

Answer:

D

Explanation:

A-P-E-X