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SVEN [57.7K]
3 years ago
5

How should we determine price of good​

Health
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

The price of a product is determined by the law of supply and demand

Explanation:

Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded.

Hope this helped!!!

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