The market system's answer to the fundamental question "Who will get the goods and services?" is essentially
A) "Those most willing and able to pay for them."
B) "Those who physically produced them."
C) "Those who most need them."
D) "Those who get utility from them."

Question

Quizplus · Accepted Answer

In a market system, the allocation of goods and services is determined by the forces of supply and demand. Buyers and sellers engage in voluntary transactions based on their own self-interest, and prices are determined by the equilibrium of supply and demand. Therefore, those who are most willing and able to pay for goods and services ultimately receive them in a market system.

The Market System's Answer to the Fundamental Question "Who Will