3 years ago

How do suppliers and consumers work together to determine the price of a product?

1 answer:

8 0

Answer:

Price is dependent on the interaction between demand and supply components of a market. Demand and supply represent the willingness of consumers and producers to engage in buying and selling. An exchange of a product takes place when buyers and sellers can agree upon a price.

Explanation:

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How do suppliers and consumers work together to determine the price of a product?​

How do suppliers and consumers work together to determine the price of a product?