VincenTragosta - Tanya, Jawab, dan Belajar Tanpa Batas Logo

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 brittany6485

Answer (2)

In a free market, the price of goods is set primarily by consumers through their demand and preferences. Producers adjust their pricing based on consumer responses, establishing market prices through supply and demand dynamics. Therefore, the correct answer is B. the consumer.
;

Answered by Anonymous | 2025-07-04

In a free market, the price of goods is set by consumer demand and preferences. Producers adjust their pricing strategies based on how consumers respond to their products. This interaction between supply and demand establishes market prices. ;

Answered by GinnyAnswer | 2025-07-04

Related Questions in Social Studies

[Terjawab] A supervisor scolding his subordinate for coming late to work is an example of: A. Positive Punishment B. Positive Reinforcement C. Negative Punishment D. Negative Reinforcement

[Terjawab] Select the correct answer. If you lived under an economic system in which the government controlled all aspects of production, which economic system would this be? A. traditional economy B. market economy C. planned economy D. mixed economy

[Terjawab] Today's Americans consume more _________blank than in 1970. Multiple Choice: (A) chicken eggs (B) red meat (C) added sugars (D) fluid milk

[Terjawab] Look at the statistics in the table. | Gender | Percent Supporting Obama | Percent Supporting Romney | | :----- | :----------------------- | :----------------------- | | Men | 42% | 52% | | Women | 53% | 43% | Which generalization is most accurate, based on the table? A. Women are more likely than men to support Democrats (Obama). B. Women are more likely than men to support Republicans (Romney). C. Men voted in higher numbers than women. D. Men are more likely than women to support Democrats (Obama).

[Terjawab] 4. Ushna and Inayah go to the library every day to study their lessons. They listen well to their teacher during discussions. They participate actively in class. What can you infer about Ushna and Inayah? a. Ushna and Inayah like to waste their time. b. Ushna and Inayah want to be together. c. Ushna and Inayah are diligent students. d. Ushna and Inayah are good class officers. 5. Miss Malak wakes up at 4:00 AM to get ready for school. She prepares her classroom and her teaching materials whenever she arrives at school. She always makes sure that everything is prepared for her students. What kind of teacher is Miss Malak? a. Miss Malak is a lazy teacher. b. Miss Malak is a dedicated teacher. c. Miss Malak is a humble teacher. d. Miss Malak is an intelligent teacher.