Economy, asked by WanigA24, 7 months ago

How is price determined

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Answered by Anonymous

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.

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Answered by spavi301712

2

Explanation:

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