imamador7157 imamador7157
  • 27-09-2017
  • Business
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Explain why the law of demand can apply only in a free market economy.

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laurenascough
laurenascough laurenascough
  • 27-09-2017
The law of demand is that, all other factors held constant, the quantity of a good demanded increases as the price of that good falls.

In a command economy, unlike a free market economy, it is the govenment, not market supply and demand,that determines prices.
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