quiz\nquestion 6 of 10\nwhat is an example of a market economy?\nwhen government agencies set prices of…

quiz\nquestion 6 of 10\nwhat is an example of a market economy?\nwhen government agencies set prices of goods and services\nwhen businesses set prices based on what they want to earn\nwhen the law of supply demand sets prices of goods and services\nwhen consumers only buy goods and services in a market not a mall

quiz\nquestion 6 of 10\nwhat is an example of a market economy?\nwhen government agencies set prices of goods and services\nwhen businesses set prices based on what they want to earn\nwhen the law of supply demand sets prices of goods and services\nwhen consumers only buy goods and services in a market not a mall

Answer

Brief Explanations:

In a market - economy, prices of goods and services are determined by the law of supply and demand. Government - set prices are more characteristic of a planned economy. Businesses setting prices based on what they want to earn ignores market forces. The last option about where consumers buy is not relevant to the definition of a market economy.

Answer:

When the law of supply demand sets prices of goods and services