Which of the following refers to an economic system in which the inter

QUESTION

Which of the following refers to an economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced?

A. Barter

B. Command

C. Market

D. Regulated

E. Centrally planned

ANSWER

C
A market economy is an economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced.