In a mixed economy, the price is set by both supply and demand and the market, with government input. So, the correct answers are A and B.

Here's a step-by-step explanation:

1. A mixed economy is a system that combines aspects of both capitalism and socialism. It includes both private economic freedom (the ability of individuals to make decisions for themselves) and centralized economic planning and government regulation.

2. In this system, the forces of supply and demand primarily come into play. Businesses and consumers decide what they will produce and purchase in the marketplace (Answer A).

3. However, the government also has a role in regulating and guiding the economy. It can influence the market prices through policies, taxes, and subsidies (Answer B).

4. Central planners do not set prices in a mixed economy, so answer C is incorrect.

5. Suppliers can influence prices to some extent based on the cost of production, but they do not solely determine the price, so answer D is also incorrect.

Question

In a mixed economy, the price is set by both supply and demand and the market, with government input. So, the correct answers are A and B.

Here's a step-by-step explanation:

1. A mixed economy is a system that combines aspects of both capitalism and socialism. It includes both private economic freedom (the ability of individuals to make decisions for themselves) and centralized economic planning and government regulation.

2. In this system, the forces of supply and demand primarily come into play. Businesses and consumers decide what they will produce and purchase in the marketplace (Answer A).

3. However, the government also has a role in regulating and guiding the economy. It can influence the market prices through policies, taxes, and subsidies (Answer B).

4. Central planners do not set prices in a mixed economy, so answer C is incorrect.

5. Suppliers can influence prices to some extent based on the cost of production, but they do not solely determine the price, so answer D is also incorrect.

Knowee AI · Accepted Answer

In a mixed economy, the price is set by both supply and demand and the market, with government input. So, the correct answers are A and B.

Here's a step-by-step explanation:

1. A mixed economy is a system that combines aspects of both capitalism and socialism. It includes both private economic freedom (the ability of individuals to make decisions for themselves) and centralized economic planning and government regulation.

2. In this system, the forces of supply and demand primarily come into play. Businesses and consumers decide what they will produce and purchase in the marketplace (Answer A).

3. However, the government also has a role in regulating and guiding the economy. It can influence the market prices through policies, taxes, and subsidies (Answer B).

4. Central planners do not set prices in a mixed economy, so answer C is incorrect.

5. Suppliers can influence prices to some extent based on the cost of production, but they do not solely determine the price, so answer D is also incorrect.

In a mixed economy, price is set by:Asupply and demand.Bthe market, with government input.Ccentral planners.Dsuppliers.

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In a mixed economy, price is set by:

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