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In Social Studies / High School | 2025-07-08

In a free market, the price of goods is set by
A. government officials.
B. the consumer.
C. the producer.
D. workers and owners.

Asked by dylanb152

Answer (2)

In a free market, the price of goods is set primarily by the consumer through their demand and purchasing choices. Producers respond to these demands, adjusting their prices based on competition and supply levels. Ultimately, it is the interplay of consumer preferences that drives price determination in such markets. ;

Answered by GinnyAnswer | 2025-07-08

In a free market, the price of goods is primarily set by the consumer based on their demands. Producers adjust their prices in response to consumer preferences and market competition. Therefore, the correct answer is B. the consumer.
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Answered by Anonymous | 2025-07-09

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