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What is price merchanism?

Updated: 8/22/2023
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Wiki User

11y ago

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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.

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9y ago
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14y ago

A price mechanism or market-based mechanism refers to a wide variety of ways to match up buyers and sellers.

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11y ago

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Q: What is price merchanism?
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