The basic concept of supply and demand affecting prices does not often apply in developed countries where supply, demand, and prices of minerals are influenced by
A)subsidies
B)import tariffs
C)taxes
D)regulations
E)all of these answers

Question

Quizplus · Accepted Answer

In developed countries, the supply, demand, and prices of minerals can be influenced by a combination of subsidies, import tariffs, taxes, and regulations, making all the options applicable.

The Basic Concept of Supply and Demand Affecting Prices Does