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1 June, 21:12

In order to understand how the price of a good is determined in the free market, one must account for the desires of:

A. purchasers exclusively.

B. sellers exclusively.

C. governmental agencies exclusively.

D. purchasers and seller

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  1. 1 June, 21:25
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    Answer: Purchasers and sellers

    Explanation: Free market refers to a market structure in which the goods and services are priced on the basis of market forces of demand and supply. The intervention of Government in such markets for the purpose of price controlling is very minimal.

    The demand force depends on the purchasers and the supply force depends on the sellers.

    Thus, from the above we can conclude that the correct option is A.
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