1 December, 13:22

In a centrally planned economy

A) consumers do not have to consider prices when shopping.

B) prices are zero.

C) The government sets prices and decides how much of each good is to be produced.

D) producers have an incentive to produce those goods most desired by consumers at the lowest cost.

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In a centrally planned economyA) consumers do not have to consider prices when shopping.B) prices are zero.C) The government sets prices and decides how much of each good is to be produced.D) producers have an incentive to produce those goods most desired by consumers at the lowest cost.

In a centrally planned economy

A) consumers do not have to consider prices when shopping.

B) prices are zero.

C) The government sets prices and decides how much of each good is to be produced.

D) producers have an incentive to produce those goods most desired by consumers at the lowest cost.