Economy, asked by ANBUGRACE, 3 months ago

what is meant by price mechanism

Answers

Answered by ηιѕн

Price mechanism refers to the system where the forces of demand and supply determine the prices of commodities and the changes therein. It is the buyers and sellers who actually determine the price of a commodity...

Hope it helps you..

Answered by rawatnikki2003

Answer:

Definition: Price mechanism refers to the system where the forces of demand and supply determine the prices of commodities and the changes therein. It is the buyers and sellers who actually determine the price of a commodity

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