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Which of the following explains the factors responsible for setting prices in a market free system?
Supply relative to demand.government
What sets prices in a perfect market?
market conditions are responsible for price setting, as thing in perfect market are homogeneous, any different product with special feature would have a high price for it .
How do the dynamics of the market for factors of production differ from the market for goods and services?
The market for factors of production involves the buying and selling of resources like labor, land, and capital, while the market for goods and services involves the buying and selling of finished products. In the factors of production market, prices are determined by supply and demand for resources, while in the goods and services market, prices are determined by supply and demand for the final products.
Prices in a market economy are based on?
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
What factors influence the pricing of products and services, and how can businesses effectively set competitive prices in the market?
Several factors influence the pricing of products and services, including production costs, demand, competition, and perceived value. Businesses can effectively set competitive prices by conducting market research, analyzing competitors' pricing strategies, understanding customer preferences, and adjusting prices based on market conditions. By carefully considering these factors, businesses can set prices that attract customers while also maximizing profits.
What explains the factor responsible for setting prices in a free market system?
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
What factors are responisble for setting prices in a free-market eystem?
Supply relative to demand is primarily responsible for setting prices in a free market system.
Which of the following explains the factors responsible for setting prices in a market free system?
Supply relative to demand.government
What sets prices in a perfect market?
market conditions are responsible for price setting, as thing in perfect market are homogeneous, any different product with special feature would have a high price for it .
What factors should the company consider when setting prices for their products at home and in the new market?
affordabilit, warranty, put aside the greed
A common mistake in pricing is?
setting prices independently of the rest of the market mix
What factors contribute to the fluctuation of high low stock prices in the market?
The fluctuation of high and low stock prices in the market is influenced by factors such as company performance, economic conditions, investor sentiment, market speculation, and geopolitical events.
How are ticket prices determined for events and performances?
Ticket prices for events and performances are determined based on factors such as production costs, venue capacity, demand for tickets, and the perceived value of the event. Organizers may also consider competitor pricing and market trends when setting ticket prices.
What are the main factors that can change market prices?
Market prices are directly dependent on the two main factors that govern an economy: Supply and Demand. If the supply of a certain item does not meet the current demand, then the price will rise, and vice-versa.
How do the dynamics of the market for factors of production differ from the market for goods and services?
The market for factors of production involves the buying and selling of resources like labor, land, and capital, while the market for goods and services involves the buying and selling of finished products. In the factors of production market, prices are determined by supply and demand for resources, while in the goods and services market, prices are determined by supply and demand for the final products.
Prices in a market economy are based on?
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
How are Kerosene Prices set?
Kerosene prices are primarily influenced by factors such as crude oil prices, supply and demand dynamics, refining costs, taxes, and distribution costs. Global market conditions, geopolitical events, and weather patterns can also impact kerosene prices. Additionally, government regulations and policies may play a role in setting prices through taxes and subsidies.
