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In a free market economy, prices are mainly determined by:

In a free market economy, prices are mainly determined by:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Demand and supply
  • B Labour unions
  • C Government decree
  • D Religious bodies
Correct Answer: Option A
Explanation:
Prices in a free market economy are determined through interaction between buyers and sellers. Demand and supply forces influence market equilibrium prices.

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