Question

In a market economy
a. demand determines supply and supply, in turn, determines prices
b. supply determines demand and demand, in turn, determines prices
c. supply and demand determine prices and prices, in turn, allocate the economy’s scarce resources
d. the allocation of scarce resources determines prices and prices, in turn, determine supplyand demand

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Answer 1

Answer:

d. the the allocation of scarce resources determines prices and prices, in turn, determine supplyand demand.

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Explanation:

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