3
QuizMultiple Choice

Final Test

Question 3 • Introduction to Business A

In a planned economy, prices of commodities are controlled by _________.

Answer
A
Supply and demand
B
Producers and consumers
C
The government
D
Private enterprises

Explanation

In a planned economy, the government makes key decisions about what is produced and how goods are distributed. It also sets or controls commodity prices rather than leaving them primarily to supply and demand. Therefore, the correct answer is the government.

AI-written and checked against the verified answer.

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