Question

A market that is driven by supply and demand is controlled by

lawmakers and producers.
producers and consumers.
lawmakers and consumers.
state and national governments.

Answer 1

Hi there!

A market that is driven by supply and demand is controlled by...

B. Producers and consumers

The market you are describing is one of a market in which the producers and consumers determine the supply and demand through the amount of items put into circulation and the demand for said items.

Answer 2

Producers & consumers market is driven by supply and demand.

Demand is the willingness to buy a product by the consumers while Supply is the willingness to supply goods by the producers to customers.

• The Market are driven by supply and demand and where both force is balance is called the Equilibrium.

• Demand force are however influenced by Customer taste, Change in price etc while the Supply force are influenced by availability of raw materials, government regulations etc.

In conclusion, the producer and consumer market is driven by demand and supply force.

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