​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-Which of the following possibly determines the allocation of goods and services in a free market?​

A) ​The availability of raw materials
B) ​The cost of production
C) ​The level of government intervention
D) ​The ability of the producers to produce a differentiated product
E) ​The willingness and ability of consumers to pay for the product