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Question 24

The basic feature of a market economy is

  • A.the reduction in the power of sellers
  • B.the enthronement of consumer sovereignty
  • C.the dismantling of barriers to trade
  • D.the perfectly elastic price for every transaction
  • E.the intersection of demand and supply curves
Objective

Question details

Exam body
UI
Subject
Economics
Year
2014/2015
Question no.
#24
Type
Objective
Previous · Q23In the operation of market forces, the market is in equilibrium at the point… Next · Q25 The following are the conditions that must be fulfilled for price determination…

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