In a market economy, In a market economy,

In a market economy

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Reference no: EM13851218

In a market economy,

a. supply determines demand and demand, in turn, determines prices.

b. demand determines supply and supply, in turn, determines prices.

c. the allocation of scarce resources determines prices and prices, in turn, determine supply and demand.

d. supply and demand determine prices and prices, in turn, allocate the economy’s scarce resources.

Reference no: EM13851218

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