Question

what is price machanism ??
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Answer 1

Explanation:

In economics, a price mechanism is the manner in which the profits of goods or services affect the supply and demand of goods and services, principally by the price elasticity of demand. ... An example of a price mechanism uses announced bid and ask prices.....

Answer 2

Explanation:

economics, a price mechanism is the manner in which the profits of goods or services affect the supply and demand of goods and services, principally by the price elasticity of demand. ... An example of a price mechanism uses announced bid and ask prices..

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