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18 October, 15:35

7. In a free market economy, decisions are made according to the laws of

O supply and demand

O local government

O national government

O wealthy citizens

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Answers (2)
  1. 18 October, 15:55
    0
    Free market decisions are made according to the laws of supply and demand.
  2. 18 October, 18:33
    0
    A

    Explanation:

    In its best form, a free market economy will determine a price by supply and demand.

    Local governments can't determine anything unless it is a local commodity or product which will not be used anywhere else. Even then, the government is interfering with supply and demand.

    National government - - same answer as local government. Any government interference does not result in a free market economy.

    There are not enough wealthy citizens around to influence many markets.

    Your best answer is A
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