All changes saved 12. In a market economy, what is the difference between supply and demand? a. Supply is how much of a product a company makes; demand is how much the government sets the price for. O b. Supply is how much of a product the government allows to be available for consumers; demand is how long consumers are willing to wait for a product until they do not want it anymore. c. Supply is how much of a good or service is available; demand is how much consumers are willing to pay for it. O d. Supply is how much consumers are willing to pay for a good or service; demand is how much of that good or service is available.

All changes saved 12. In a market economy, what is the difference between supply and demand? a. Supply is how much of a product a company makes; demand is how much the government sets the price for. O b. Supply is how much of a product the government allows to be available for consumers; demand is how long consumers are willing to wait for a product until they do not want it anymore. c. Supply is how much of a good or service is available; demand is how much consumers are willing to pay for it. O d. Supply is how much consumers are willing to pay for a good or service; demand is how much of that good or service is available.