Explain how prices are determined in a free-market

I need help answering this question. Please help. Needs to be about a page long doubled space with references. Any help would be greatly appreciated. Explain how prices are determined in a free-market economy. During the recent recession, consumers were less willing and able to purchase products they had grown accustomed to buying. Describe how the supply and demand curves (shift) were affected by consumers’ decisions to pull back on their spending.

Originally posted 2018-07-05 16:53:17. Republished by Blog Post Promoter