Answer :
Answer:
The answer is C.
Explanation:
A market is a mechanism through which prices of goods and services are determined by the forces of supply and demand. Sellers and buyers meet and the forces of demand and supply determines the price.
If supply is higher than demand at a point, price tends to be low
If supply is lower than demand at a point, price tends to be high
All these play out to determine the market price.
Answer:
The correct answer is letter "C": a mechanism through which prices of goods and services are determined by the forces of supply and demand.
Explanation:
A Market is a physical or virtual location where goods and services are bought and sold. In markets, participants make their transactions with a currency they know and accept that facilitates their operations. Those participants command the levels of supply and demand of the products of interest and their price with the regulations of the central government to ensure fair trading.
