Prices are set by the seller and then are open to auction, with users setting bids for how much they are willing to spend.
Because real GDP compares gross income of different years with one year's prices (to better reflect the change), and since prices are demand-determined, so is GDP.
the quantities and prices of the resources that households supply.
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
Prices in a competitive market are determined by the interaction of supply and demand. When there is high demand for a product or service but limited supply, prices tend to rise. Conversely, when supply exceeds demand, prices typically fall. This constant balancing act between buyers and sellers helps establish the equilibrium price, where the quantity demanded equals the quantity supplied.
the quantities and prices of the resources that households supply.
actually, i am willing to know the answer to almost same question and my question is How are the price determined on eBay?
Many listings on eBay are sold as auctions, so the sale price is determined by the number of bidders and overall demand for the items.
Prices are set by the seller and then are open to auction, with users setting bids for how much they are willing to spend.
The seller sets the price ! Ebay takes a percentage of the selling price as their 'fee' for providing the service.
Ebay sells exhaust pipes at wholesale prices. Companies overseas in China special in wholes prices for parts on ebay.
Supply and demand set stock prices.
Jordans closet
Ebay.
gold prices are determined on the basis of stock market.
There are a wide range of prices for Blybe on eBay, currently even starting at a dollar. However as more bids are placed the prices tend to increase to what the eBay market demands.
eBay
Shipping services and charges are determined by individual sellers, not eBay itself. It varies by seller.