In a(n) economy the price of apples will be determined by supply and demand

Market Economy

Explanation: In a market economy the price of a good is determined by the forces of demand and supply. The intersection of the market demand curve and the market supply curve determines the equilibrium price and the equilibrium quantity. This is the price at which demand and supply in the market are equal.

Thus, the price of apples will be determined by the forces of demand and supply in a market economy.

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