IdeasCuriosas - Every Question Deserves an Answer Logo

In Social Studies / College | 2025-07-06

In a free market, supply and demand determines
A. the type and number of goods produced.
B. the number and distribution of goods produced.
C. the raw materials and tools used to produce goods.
D. the factories and machines used to produce goods.

Asked by hopenuttall07

Answer (1)

In a free market, supply and demand determine the type and number of goods produced based on consumer preferences and availability of resources. This interaction helps establish a balance of production that aligns with market needs. It encourages innovation and efficiency in meeting consumer demands. ;

Answered by GinnyAnswer | 2025-07-07

Related Questions in Social Studies

[Answered] Increased interest in cultural diversity can be attributed to all of the following except A. personal travel B. advances in communication C. natural selection D. international trade

[Answered] Love, which can't be observed or measured directly, is an example of a psychological construct. True or False?

[Answered] Based on the table, which of the following is the most likely time frame when mining operations were started in the location? | Year | Number of Sinkholes | | ----------- | ----------- | | 1990 | 15 | | 1992 | 18 | | 1994 | 15 | | 1996 | 35 | | 1998 | 47 | A. Between 1990 and 1992 B. Between 1992 and 1994 C. Between 1996 and 1998 D. Between 1994 and 1996

[Answered] Increased interest in cultural diversity can be attributed to all of the following except A. personal travel B. advances in communication C. natural selection D. international trade

[Answered] Funding has little influence on the number of researchers working on a given project. Please select the best answer from the choices provided. A. True B. False