Price theory deals with
Answers
Explanation:
The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand. The optimal market price, or equilibrium, is the point at which the total number of items available can be reasonably consumed by potential customers.
The theory of price is an economic theory that states that the price for any specific good or service is based on the relationship between its supply and demand.
The optimal market price, or equilibrium, is the point at which the total number of items available can be reasonably consumed by potential customers.
Supply may be affected by the availability of raw materials; demand may fluctuate depending on competitor products, an item's perceived value, or its affordability to the consumer market