In a market system, scarce goods are allocated through the operation of estimated prices that are determined by consumers and producers acting in their own self-interest. market prices that are determined by consumers and producers acting in the public's interest. market prices that are determined by consumers and producers acting in their own self-interest. fixed prices that are determined by consumers and producers acting in the public interest. in a command economy, scarce goods are allocated by a government-appointed planning board based on the board's long-term priorities. an elected planning board based on the board's preferences. a government-appointed planning board based on the board's preferences. an elected planning board based on the board's long-term priorities.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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when consumers have more money to pay for a product, the most likely situation to occur from the possible options on the list is (2) an increase in price for computer and computer accessories will happen.

companies tend to price products according to production costs, but they also take into account how much money would a consumer in certain segments be willing to pay for their product. if they have more money, the products would definitely be priced higher.