The prices that people are willing to pay for goods and, Ask an Expert

Economics

The prices that people are willing to pay for goods and services mostly depend on:

a. the marginal utility derived from the goods and services.

b. whether the goods are legal, since the laws affect the position of both supply and demand curves.

c. the cost of producing the goods and services.

d. the total utility derived from the goods and services.

e. the availability of raw materials for producing the goods and services.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91571182

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