In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:
A) all consumers.
B) buyers and sellers.
C) producers and input suppliers.
D) producers and government planning committees.

Question

Quizplus · Accepted Answer

In a market-oriented economy, the amount of a good produced is primarily determined by the interaction of buyers and sellers in the market, as they negotiate prices and quantities based on supply and demand.

In a Market-Oriented Economy, the Amount of a Good That