Question

Q.5) price means the expression of value of utility of commodity in tearms of__________.

Cost
Product
Money
Demand
​

Answer 1

Answer:

Cost

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Answer 2

Money is the correct answer

• The amount of payment or compensation offered by one party to another in return for products or services is referred to as the price.
• The name of the production price may differ in various circumstances.
• In trade, if a thing is "excellent," the payment for it is referred to as the "price."
• In modern economy, prices are typically stated in cash as exchange value.

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