INTERVIEW QUESTIONS COMMON PROFICIENCY TEST (CPT) INTRODUCTION TO MICRO ECONOMICS DETAILS

Question: Under a free economy ,prices are: a)Regulated b)Determined through free interplay of demand and supply c)Partly Regulated d)None of these

Answer: b)Determined through free interplay of demand and supply
Description:
Under free economy prices are determined by price or market mechanism i.e. there is no authority to determine prices but they are decided by forces of demand and supply.

b)Determined through free interplay of demand and supply
Description:
Under free economy prices are determined by price or market mechanism i.e. there is no authority to determine prices but they are decided by forces of demand and supply. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

• There should not be any Spelling Mistakes.
• There should not be any Gramatical Errors.
• Answers must not contain any bad words.
• Answers should not be the repeat of same answer, already approved.
• Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question