Answered

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You buy two loaves of bread at a price set by the government. The price of the bread never changes, and it is the only kind of bread produced. This scenario is an example of a perfectly competitive market. market-based economy. shortage. centrally planned market.

Sagot :

The answer is a Centrally planned market.

In the given case, the price of a loaf of bread is set by the government.

Also, the set price of loaf never changes.

Moreover, the bread so produced is the only kind in the market.

This shows all the decisions related to the market of the bread are taken by the center which is the government. In other words, it is the center that plans the decisions concerning the market of the bread.

Hence, where I buy two loaves of bread at a price set by the government. The price of the bread never changes, and it is the only kind of bread produced. This scenario is an example of a centrally planned market.

Learn more about the market:

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