Economy, asked by shakeelbhutto123, 11 months ago

what is price machanism ?

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Answered by bhoomika8690

Answer:

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.

Answered by rose5694

Answer:

the relationship between the supply of or demand for a particular product or service, and its price

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