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What role does the law of supply and demand play in a command economy?

A. The law of supply and demand does not apply because, in a command economy, the government controls the market.
B. The law of supply and demand functions in reverse because a command economy is the opposite of a market economy.
C. The law of supply and demand applies to a command economy as much as it does to other economies.
D. The law of supply and demand functions the same way as in other economies, but the government sets the prices.

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Final answer:

In a command economy, the law of supply and demand applies, influencing resource allocation.


Explanation:

The law of supply and demand applies to a command economy as much as it does to other economies. In a command economy, although the government controls the market and sets prices, the principles of supply and demand still influence resource allocation. The government's actions can impact how supply and demand interact, potentially leading to unintended consequences.


Learn more about Command Economy here:

https://brainly.com/question/2591866


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