Question

the price of goods is determined by
a) demand. b) supply
c) both demand and supply
d) government ​

Answer 1

c. both demand and supply

Explanation:

Whenever there is more demand of a certain goods the price increases and vice versa. Also, if the supply is reduced means less goods of that kind that leads to high demand and the price increases. So, demand and supply both determines the price of goods.