The price can only be so high. If it gets too high, people are not going to purchase the product, no matter what it is.
Price mechanism (A+)
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
Price is the rationing mechanism. Whoever can afford it, will by it.
chanism
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
price mechanism is hte demand and supply of goods and services
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
Price mechanism (A+)
it takes time to reach its mechanism.
Price incentives is included in price mechanism, that is refers in the competition process, the supply and demand of mutual connection, mutual constraints of the market price formation and operation mechanism.
teachers
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
Price is the rationing mechanism. Whoever can afford it, will by it.
chanism
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
Through price mechanism...
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