Economy, asked by Sofikulislam, 1 year ago

what is price mechanism

Answers

Answered by L12345
7
In economics, a price mechanism is the manner in which the prices of goods or services affect the supply and demand of goods and services, principally by the price elasticity of demand. A price mechanism affects both buyers and sellers who negotiateprices.

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Answered by seju221
4
heya frnd
here is ur answer

In economics, a price mechanism is the manner in which the prices of goods or services affect the supply and demand of goods and services, principally by the price elasticity of demand. A price mechanism affects both buyers and sellers who negotiate prices.

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