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If you tell me a price on something and I offer you a different price, this is an example of what kind of economy? Mixed Market Traditional Command

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If you tell me a price on something and I offer you a different price, this is an example of what kind of economy?
Mixed
Market
Traditional
Command

If you tell me a price on something and I offer you a different price, this is an example of what kind of economy? Mixed Market Traditional Command

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MereridMaster · Tutor for 5 years

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<p> B</p>

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<p> The question asks about different types of economies. In a market economy, prices are generally not decided by the government but are set by market forces. According to the principles of demand and supply in competitive markets, buyers and sellers negotiate prices based on quantities demanded and supplied. When a buyer offers a different price than what the seller first mentioned, they are essentially bargaining and the resultant price depends on the mutual agreement between the two parties. This practice is often common in market economies.</p>
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