Which statement best summarizes the role of supply and demand in setting prices for goods
A.Prices are set by finding A balance between the high prices sellers prefer and the low prices buyers prefer
B. Prices are set by sellers creating large supply of product and then determining how much demand exist
C. prices are set by identifying the demand for a product at a certain price and convincing buyers to pay a little more
D.prices are set by adding up the total supply and demand of a product and converting it in to a dollar amount

Question

06-04-2021
Social Studies

Answered

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Which statement best summarizes the role of supply and demand in setting prices for goods
A.Prices are set by finding A balance between the high prices sellers prefer and the low prices buyers prefer
B. Prices are set by sellers creating large supply of product and then determining how much demand exist
C. prices are set by identifying the demand for a product at a certain price and convincing buyers to pay a little more
D.prices are set by adding up the total supply and demand of a product and converting it in to a dollar amount

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