Answered: In a market economy, what determines…

In a market economy, what determines what is produced? producers seeking profits a consumer's capacity to buy goods and services the government consumers' preferences

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a market economy, what determines what is produced?

	producers seeking profits
	a consumer's capacity to buy goods and services
	the government
	consumers' preferences

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