Question

Price means exchange value. (State with reason whether the given statement is true or false)

Answer 1

False. Price is the consideration to be paid in money to acquire any good or render any service. On other hand, exchange value can be in kind and not always monetary.

Answer 2

Answer:

False

Explanation:

This statement is False.

Price means exchange value is not true, price is different from exchange value because the exchange value is expressed in terms of hours that is how many hours have to do work at certain time. But in case of the price, it depends upon the cost and rupees So, the exchange value and price are different from each other.