Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In a free-market economy, the pricing mechanism always operates to achieve which of the following? Question 18 options: a) Equate consumers' desires with ability to
In a free-market economy, the pricing mechanism always operates to achieve which of the following? Question 18 options: a) Equate consumers' desires with ability to pay b) Provide an efficient allocation of resources c) Correct any inequality in distribution of output d) Produce an equitable distribution of income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started