Adam Smith suggested that an invisible had guides market economies. In this analogy, what is the baton that the invisible hand uses to conduct the economic orchestra? a. the government b. prices c. subsidies d. the Federal Reserve

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Social Studies

Kaylee Mcclain

13 January, 20:22

Adam Smith suggested that an invisible had guides market economies. In this analogy, what is the baton that the invisible hand uses to conduct the economic orchestra? a. the government b. prices c. subsidies d. the Federal Reserve

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Kylee Best · Answer 1

Answer: price

Explanation: The invisible hand uses the power of price to guide the market economy, price determine both the level of demand and supply in accordance with the the law of demand and supply.