Answered

Which is a condition of a market economy?
A
The amount of raw materials available is determined by the government.
B
The number of goods and services that can be exported is determined by the government.
C
D
Goods and services are traded instead of purchased using government-issued currency.
Prices are determined by supply and demand instead of by government regulation.



Answer :

GinnyAnswer

Final answer:

In a market economy, prices are determined by supply and demand, fostering competition among buyers and sellers.


Explanation:

Prices in a market economy are determined by supply and demand, not government regulation. The competition among buyers and sellers drives the pricing of goods and services. Government intervention is minimal or nonexistent in setting prices.


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