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WAEC Economics 2021 Question 4

Question 4

Economic Systems

When a commodity market operates without government interference, commodities are distributed through

  1. A.government distribution agencies.
  2. B.the operation of price mechanism.
  3. C.a central planning committee
  4. D.retailers only.
Show the answer and explanation

Answer: B (the operation of price mechanism.)

Explanation

In a free market, prices decide who gets what.