bentone261
Answered

i KNOW THIS IS LATE BUT WILL GIVE BRAINLEST
What role does the law of supply and demand play in a command economy?

A.
The law of supply and demand applies to a command economy as much as it does to other economies.

B.
The law of supply and demand functions in reverse because a command economy is the opposite of a market economy.

C.
The law of supply and demand does not apply because in a command economy, the government controls the market.

D.
The law of supply and demand functions the same way as in other economies, but the government sets the prices.

Answer :

Histrionicus

Answer:

The correct answer is - C. The law of supply and demand does not apply because in a command economy, the government controls the market.

Explanation:

A command economy is an economy that is controlled by the government instead of the free market. In other economies, the free market decides what should be produced, what would be price, how much a product needs to be produced on the basis of the law of demand and supply.

In a command economy, all these aspects are decided by the government and the law of demand and supply does not apply. In this case, the government plans, establish, organize and executes the plan of all economic activities.

heysisters200

Answer:

C like i said

Explanation:

Other Questions