A core fundamental of an open, economic environment, the Law of Supply and Demand, refers to the ability of the market, independent of external influences, to determine the:
A. amount of product or service that will be bought or sold
B. price for which a product or service will be bought and sold
C. amount of product or service that will be produced
D. speed at which a product or service will be bought or sold E. relative stability of demand for a product or service
Answer: price for which a product or service will be bought or sold
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.