Question

in which economic system are price signals, resulting from supply and demand forces, the only determining factor for the goods and services that the economy produces? (1 point)

a traditional economy

a mixed economy

a market economy

a command economy

Explanation:

In a market economy, supply - and - demand forces determine prices, which in turn are the main factor in deciding what goods and services are produced. In a traditional economy, customs and traditions play a major role. In a mixed economy, both market forces and government intervention are present. In a command economy, the government makes production decisions.

Answer:

C. a market economy