When Prices Are Determined in a Free-Market System

question 41

Multiple Choice

When prices are determined in a free-market system

• A)changes in the economy can be foreseen by officials.
• B)resources are allocated without conscious central coordination.
• C)firms respond to changes in the economy mainly by altering the wage rate.
• D)demand shifts,caused by price changes,coordinate all necessary changes in the economy.
• E)supply shifts,caused by price changes,coordinate all necessary changes in the economy.

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