How are product prices determined in a command economy?
Responses
The interaction of supply and demand sets product prices.
The interaction of supply and demand sets product prices.
Traditional values, along with availability of natural resources, sets product prices.
Traditional values, along with availability of natural resources, sets product prices.
The government sets product prices based on its idea of their relative values.
The government sets product prices based on its idea of their relative values.
Consumers determine prices by voting on them in democratic elections.