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1 October, 17:54

The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price change is that?

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  1. 1 October, 18:00
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    A free market economy is one in which economic decisions and price of goods and services are guided solely by the aggregate interactions of a country's individual citizen and businesses, with little intervention from the government. If the market price of apple increases in such an economy, it means that there is a shortage in the market for apples.
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