Question

Which two factors and their interaction regulate the market economy?
A.
Goods and services
B.
Producers and consumers
C.
Product-based and service-based businesses
D.
Public and private sectors



Please select the best answer from the choices provided


A
B
C
D

Answer 1

B

Producers (supply) and consumers (demand) and their interaction determine prices, output, and allocation of resources in a market economy.