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Question
Prices under price mechanism are determined by the ____________.
Prices under price mechanism are determined by the ____________.
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Solution
The correct option is A market forces of demand and supply
In price mechanism,
prices of commodities in the market are determined by the forces of demand and
supply that generates open competition in the market which leads optimum distribution
of goods and services.
In price mechanism, prices of commodities in the market are determined by the forces of demand and supply that generates open competition in the market which leads optimum distribution of goods and services.
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