Question
Which is true of how the market sets prices?
A:Prices are set by the expected sales.
B:Prices are set by how much consumers will pay.
C:Prices are set by the size and location of market outlets.
D:Prices are set by doubling the equilibrium price.
A:Prices are set by the expected sales.
B:Prices are set by how much consumers will pay.
C:Prices are set by the size and location of market outlets.
D:Prices are set by doubling the equilibrium price.
Answers
Answered by
GPT 3.5
B: Prices are set by how much consumers will pay.
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