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  4. WAEC 1993
  5. The price system is

The price system is

Economics
WAEC 1993
The price system is
  • A. the market price of commodities
  • B. a market where a single price rules
  • C. a system of price allocation to the products of the same firm
  • D. a system of resource allocation through supply and demand interaction
  • E. a system which the market price is determined only through haggling
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Correct Answer: Option D
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