WAEC - Economics (2015 - No. 15)

which of the following will not affect the market price of a commodity
increase in demand
change in taste
intersection of demand and supply
increase in supply

Explanation

 6 Factors Affecting Price Determination of...

  • Product Cost
  • The Utility and Demand
  • Extent of Competition in the Market
  • Government and Legal Regulations
  • Pricing Objectives
  • Marketing Methods Used

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