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Factors related to price include legal and regulatory guidelines, pricing objectives, pricing strategies, and options for increasing sales.
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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.
What is a Price-coordinated economy?
A price coordinated economy is one where prices determine the allocation of scarce goods and services.
How can the price elasticityof demand be used to determine whether two goods belong to the same industry or not?
not
What is Aggregation for manufactured goods typically based on?
Marketing considerations
Consumer price index?
Consumer price index is a way to measure the averages of prices of consumer goods and services. It is calculated by taking price changes of items or goods and averaging them. Consumer price index is used to assess price changes associated with the cost of living.
What factors are used to determine household demand for a product?
Household income, wealth, price of other goods, taste and preference and expectation
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
How much is a stamp to France?
The cost of a stamp to France depends with a number of factors, the package to be delivered, the geographical location, the weight of the goods, and the nature of goods. These are some of the factors that will determine the price of the stamp to France.
What is the definition of trade?
Trade is the buying and selling of goods and services, for money - or other considerations.
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
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
