JAMB - Economics (2019 - No. 37)
The determination of price by bargaining between buyers and sellers is________
Sales by Auction
Tender
Higgling and Haggling
Price Control
คำอธิบาย
Higgling and Haggling is one of the ways price are determined in an imperfect market. The buyer's maximum price and the seller's minimum price provide the "price range of bargaining".