Question
Economics Question on Microeconomics
Which of the following is a sign of a free economy?
A
The prices are regulated
B
The prices are partly regulated
C
The prices are determined with the help of the forces of demand and supply
D
None of these
Answer
The prices are determined with the help of the forces of demand and supply
Explanation
Solution
The correct option is (C): The prices are determined with the help of the forces of demand and supply