Explain any six factors that influence the price of goods.
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Income of the People: The demand for goods also depends upon the incomes of the people. The greater the incomes of the people, the greater will be their demand for goods. In drawing the demand schedule or the demand curve for a good we take income of the people as given and constant.
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1. cost of product
2. it's utility and demand
3. extend of competition in market
4. Government and legal regulations
5.pricing objective
6. marketing method
are some of the factors
I hope this will help you......
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