Economics (AS & A Level) · May / June 2022 · Paper 12 · Question 7
9708The interaction of demand and supply
What can be concluded about the roles of demand and supply in a free market?
- AThey allocate resources to the greatest needs.
- BThey ensure that goods and services are distributed equally.
- CThey are both significant in setting the market price.
- DThey ensure that everyone can benefit from the good or service provided.
As printed in the paper
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Correct answer: C. They are both significant in setting the market price.
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