How is price determined
Answers
Answered by
2
Answer:
The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded.
#BangtanIndia
Answered by
2
Explanation:
Here is the explanation.... hope it is useful for you.......
Attachments:
Similar questions