Question

how the prices of offered goods are paid

Answer 1

Answer:

Economic price theory asserts that in a free market economy the market price reflects interaction between supply and demand: the price is set so as to equate the quantity being supplied and that being demanded.

Answer 2

The prices of offered goods are paid based on the interaction of demand and supply.

Explanation:

• The price will be related to the quantity supplied to the ratio of quantity demanded.
• To set up the price, first, we need to add the total price involved in bringing the product to the market.
• We should set the price more than the expenses we made from our end.
• The fixing of the price is not referred to as decision-making because we need to fix it once and not be changed often.
• Price is a positive payment given by customers in exchange for goods.