Same price in all markets is referred to as ___________
a. Skimming pricing
b. Introductory pricing
c. Standard pricing
d. None of the above
Answers
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Same price in all markets is referred to as standard pricing.
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c) standard pricing
Explanation
The market price is used to calculate consumers and economic surplus . The market price of an asset or service is determined by the forces of supply and demand. A demand shock is a sudden event that increases or decreases that demand for a good or service .
Explanation
The market price is used to calculate consumers and economic surplus . The market price of an asset or service is determined by the forces of supply and demand. A demand shock is a sudden event that increases or decreases that demand for a good or service .
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