Based on the diagram what is the difference in how economic decisions are made in a mixed economy and a market economy? E.1.2 How Economic Decisions are Made square By the Government By the Consumers command market economy mixed economy Consumers make economic decisions in a mixed economy.while consumers and government make economic decisions in a market Government and consumers make economic decisions in a mixed economy, while consumers make economic decisions in a market Government makes all economic decisions in a mixed economy, while consumers make all economic decisions in a market economy. Consumers make all economic decisions in a mixed economy, while the government makes all economic decisions in a market economy.

Let's analyze the information provided in the picture details step by step to answer the question:Step 1: Understanding the Venn Diagram- The Venn diagram shows two sets: "By the Government" and "By the Consumers."- The "By the Government" set includes the command economy and the mixed economy.- The "By the Consumers" set includes the market economy and the mixed economy.- The intersection of the two sets, which is the area where both sets overlap, is the mixed economy.Step 2: Analyzing Economic Decision-Making in Different Economies- In a command economy, the government makes all the economic decisions.- In a market economy, consumers (and the market forces) make all the economic decisions.- In a mixed economy, both the government and consumers play a role in making economic decisions.Step 3: Comparing Mixed Economy and Market Economy- Based on the Venn diagram, in a mixed economy, both the government and consumers are involved in economic decision-making.- In a market economy, the economic decisions are made by consumers (and influenced by market forces) without direct government intervention.Step 4: Extracting the Final AnswerGiven the analysis above, the correct statement that describes the difference in how economic decisions are made in a mixed economy and a market economy is:"Government and consumers make economic decisions in a mixed economy, while consumers make economic decisions in a market economy."This corresponds to option B from the provided choices.