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What is "market mechanism"?



 
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What is "market mechanism"? #1 (permalink) Thu Sep 27, 2007 18:41 pm   What is "market mechanism"?		  
Business English Lesson, Advanced Level

ESL/EFL Test #211 "Basic Microeconomics", question 3

Consumers choose what products they want to buy by comparing something's ......... and its utility.

(a) availability
(b) price
(c) value
(d) worth

Business English Lesson, Advanced Level

ESL/EFL Test #211 "Basic Microeconomics", answer 3

Consumers choose what products they want to buy by comparing something's price and its utility.

Correct answer: (b) price
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the market mechanism, what is it?

Manul
Manul
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What is "market mechanism"? #2 (permalink) Thu Sep 27, 2007 23:29 pm   What is "market mechanism"?		  
.
Supply and demand, I suppose. Or is it free competition? Tough question.
.
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