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Goods have price to make profit. Also, they have price so the company can continue to make a certain product and keep the company in business.
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∙ 11y ago
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What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
How does price help to connect the availability of goods to the demand for goods?
The price of a given commodity will determine both the demand and the availability of goods. If the price is reduced the demand of the goods will increase and the availability of the goods will reduce.
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
Reasons for consigning the goods at invoice price?
Give reasons for consigning the goods at the invoice price.
What detemines the price and the quantity produced of goods?
Supply determines the price and quantity of produced goods.
Costs of goods sold is also called?
price at which goods are sold is called selling price
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
Price of related goods?
Demand for good or service increases if the price of related goods increases, and vice versa.
What do dealers do if they expect the price of goods they have to increasein near future?
C. store the goods until the price rises
What is relative price?
The price of one good in comparison with the price of other goods
What effect did the assembly line have on the cost of goods?
It lowered the price of goods.
Why the price of agricultural goods tends to fluctuate more than the price of manufactured goods?
Because the supply is less certain.
