17. What can be found in a mixed economy but not in a market economy?

1. a national economic development plan
2. an unequal distribution of income and wealth
3. the operation of the price mechanism
4. the private ownership of factors of production

18. Newspapers recently reported there had been a decrease in the demand for beef and that its price per kilogram had increased. From the initial equilibrium point X, which point in the diagram illustrates the new market equilibrium?

\fA price C quantity