Economics · Oct / Nov 2021 · Paper 12 · Question 5
What is an advantage of a market economy?
- AEquilibrium market price clears the market.
- BProducers and consumers have the same aims.
- CThe government has no need to intervene in markets.
- DThe lowest price possible is always charged.
As printed in the paper
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Correct answer: A. Equilibrium market price clears the market.
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