3
lesson pretestMultiple Choice

Pretest

Question 3 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

What factors may influence price fluctuations in a free market economy? Select three options.

Answer
A
Property rights
B
Patents
C
Supply
D
Demand
E
Asset appreciation
F
Economic conditions
G
Asset depreciation

Explanation

Prices in a free market are influenced by supply and demand: changes in how much of a good is available or how many people want it can push prices up or down. Broader economic conditions, such as inflation or a recession, can also affect prices. Therefore, the correct choices are Supply, Economic conditions, and Demand.

AI-written and checked against the verified answer.

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