Multiple choice

An economic system were prices are determined by the laws of supply and demand?

  1. command economy

  2. market economy

  3. traditional economy

  4. communism
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a market economy, the forces of supply and demand determine the prices of goods and services. A command economy is controlled by the government, and a traditional economy relies on customs.

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