Which of the following is not an advantage of a price-based system? Is Actually Economics on GradPoint

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Which of the following is not an advantage of a price-based system? Is Actually Economics on GradPoint

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2022-04-12T20:12:37+00:00 2 Answers 0

Answers ( 2 )

  1. Piper
    0
    2022-04-12T20:14:00+00:00

    From the following, the answer that is not an advantage of a price-based system is that the prices can be easily set by the government is definitely not an advantage of a price-based system. They can be set by the government and they can use to maintain equilibrium.

  2. Lilybelle
    0
    2022-04-12T20:14:26+00:00

    As you did not provide options here I managed to find your question and the answer would be that the prices can be easily set by the government is definitely not an advantage of a price-based system.
    There are two ways the prices are set in the economic system:
    1. They can be set by the government or
    2. They can be freely set by the laws of supply and demand.

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