Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 2 - The Market System and the Circular Flow - Quick Quiz for Figure 2.2 - Page 40: 2

Answer

d. the price of a new pair of athletic shoes

Work Step by Step

prices for goods that are sold to households from the product market are determined by the product market
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.