In economics, what term describes the phenomenon where the price of a good or service is deemed excessively high relative to its production cost and market demand?
A. Price elasticity
B. Cost-benefit analysis
C. Price gouging
D. So expensive principle

Question

12-07-2024
Business

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In economics, what term describes the phenomenon where the price of a good or service is deemed excessively high relative to its production cost and market demand?
A. Price elasticity
B. Cost-benefit analysis
C. Price gouging
D. So expensive principle

Sagot :

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