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What is principles of price?

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Anonymous

14y ago
Updated: 8/19/2019

it has to do with supply and demand. if the consumer (which is people like us who buy product off of the shelf of wal-mart or target or the grocery stores) buys alot of this product then the demand is very high. the manufacturers have to make more supply and will raise the price because people are buying it. if no one starts buying the item at the stores then the price will go down because the supply has went up and the demand has went down.

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14y ago

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