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MJ Civics: Economic systems Flashcards | StudBud
MJ Civics: Economic systems
1 / 15
How do supply and demand influence prices in a capitalist economy?
A
Prices are determined solely by government regulations.
B
Prices remain fixed regardless of changes in supply and demand.
C
Prices are set by individual sellers without considering consumer demand.
D
Prices fluctuate due to availability of goods and amount of consumer demand
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