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In a market economy the market mechanism can achieve all the following except one.

In a market economy the market mechanism can achieve all the following except one. Which is the exception?

A.

Signaling changes in consumer tastes

B.

Causing supply to respond to changes in demand

C.

Eliminating excess supply and demand

D.

Ensuring a socially fair distribution of goods and services

CIMA BA1 Summary

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  • Product: BA1
  • Update on: Jul 28, 2025
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