ninqxz11
ninqxz11 ninqxz11
  • 17-01-2021
  • Business
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Why price will be low in a market economic system?
Other than competitors

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crumbsms
crumbsms crumbsms
  • 17-01-2021

Answer:

In a market economy Price is determined by demand and supply, for example when there is a low price for a good it means the demand is low. However in market economy price for abundant goods never gets high to a critical point due to the fact of consumer sovereignty environment which consumers are the rulers for suppliers.

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melis5322 melis5322
  • 17-01-2021
please urgent please help
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