Any physical object, natural or man made, or service renderal: that could command a price in market is called:

Related MCQs

• The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called
• The degree to which a firm exercise influence over the price and output in a particular market is called:
• The market for long term loanable funds as different from the market that deals in short term loans is called:
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for
• Equilibrium price is the price when :
• Two sellers only of a good or service in a market. This situation is:
• Price and output are determinates in market structure other than -
• The market price is related to :
• In which of the following market forms, a firm does not exercise control over price?