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In Social Studies / College | 2025-07-03

In a free market, the price of goods is set by
A. government officials.
B. the consumer.
C. the producer.
D. workers and owners.

Asked by gomez2028gay

Answer (2)

In a free market, the price of goods is primarily determined by the interactions between consumers and producers. Consumers influence demand, which affects pricing, while producers set prices based on production costs and competition. This relationship is fundamental to how a free market operates. ;

Answered by GinnyAnswer | 2025-07-03

In a free market, the price of goods is set by the interaction between consumers and producers. Consumers influence pricing through their demand, while producers set prices based on their production costs and market competition. Therefore, the correct answer is B. the consumer and C. the producer working together.
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Answered by Anonymous | 2025-07-04