What is the primary force that determines what a firm buys and sells?
A) Laws of supply and demand
B) The demand and supply schedule
C) Economic resources
D) Equilibrium price
E) The private enterprise system

Question

Quizplus · Accepted Answer

The primary force that determines what a firm buys and sells is the laws of supply and demand, which are the foundation of economics. These laws dictate that the price of a good or service depends on the willingness of buyers to purchase it and the willingness of sellers to sell it. Firms will buy goods and services that are in high demand and sell goods and services that are in low supply to maximize profits.

What Is the Primary Force That Determines What a Firm