When considering how the price of a product is determined, we have looked at two possibilities. The

first is through the free interaction of demand and supply, while the second is through a government

price regulation. One difference between these two methods is

a) there are no shortages or surpluses at the free-market equilibrium price.

b) regulated prices are fairer since more people can then afford the goods or services.

c) the government is in the best position to know the needs of the people.

d) one is capitalist and the other is communist.