3 years ago

What does market value of a good or service mean?

Geography

2 answers:

andrey2020 [161]3 years ago

7 0

I think (IM NOT COMPLETELY SURE) its profit incurred on a good or service.

Elodia [21]3 years ago

6 0

The answer is D because the price is set dynamically by the supply and demand curve for a product. The more people want to buy a product, the higher the price will be. If a product costs too much, then people wont take interest in buying the product and the company would end up producing too much of it.

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