In the free market system, how is the price of a good determined?(1 point) Responses The price is the equilibrium point where both the supplier and the producer make a profit. The price is the equilibrium point where both the supplier and the producer make a profit. The price is whatever the producer decides is fair. The price is whatever the producer decides is fair. The price is the equilibrium point where the producer is making a profit, and the consumer is willing to pay the price. The price is the equilibrium point where the producer is making a profit, and the consumer is willing to pay the price. The price is associated with the cost from the supplier.
