the producer can be arbitrary regarding quality and price of commodity in
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Since commodities are traded on exchanges, their prices are not set by a ... However, each commodity is unique and will have a different set of catalysts that can move the price each day.
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These include income and population, the cost of production and technology plus the actions of governments and producer organisations. In the shorter term, commodity prices are affected by amongst other factors, the weather, interest rates and speculation.
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