Question

part 1: main idea
in the price system of a market economy, prices are determined by
central planning
market forces
political forces
private investors
10 multiple choice 4 points
part 1: main idea
the price system helps to allocate resources efficiently because prices will adjust until
an equal number of goods and services are sold
the maximum number of goods and services are sold
the minimum number of goods and services are sold
many more goods than services are sold

Explanation:

In a market - economy price system, prices are set by the interaction of supply and demand (market forces). The price system allocates resources efficiently when prices adjust to the point where the quantity supplied equals the quantity demanded, which maximizes the number of goods and services sold at an equilibrium price.

Answer:

1. B. market forces
2. B. the maximum number of goods and services are sold