Question

PAGE NO
DATE.
what
is
Meant. BY PRICE​

Answer 1

Price, the amount of money that has to be paid to acquire a given product. Insofar as the amount people are prepared to pay for a product represents its value, price is also a measure of value

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Answer 2

Answer:

Price is the monetary value of a good, service or resource established during a transaction. Price can be set by a seller or producer when they possess monopoly power, and are said to be price makers, or set through the market itself, when firms are price takers