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Sublight2097 Sublight2097
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9 years ago
Why do prices have to be based on supply and demand, rather than cost?
A) Costs, unlike supply and demand, are based on subjective factors.
B) People cannot be compelled to base prices on costs
C) People should be free to set whatever prices they prefer.
D) Supply and demand determine costs.
E) Because basing prices on costs is less efficient than basing prices on supply and demand.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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9 years ago
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Sublight2097 Author
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#2
9 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
9 years ago
My pleasure Happy Dummy
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