Outline four ways in which the price of goods and services can be determined in the marketother than through the forces of demand and supply...

      

Outline four ways in which the price of goods and services can be determined in the market
other than through the forces of demand and supply curve.

  

Answers


Davis
-Through bargaining/ haggling between the sellers and buyers.
- Through government price controls (fixing prices by the government)
- Through auctioneering where different potential suppliers submit their
quotations.
- Through tendering where different potential suppliers submit their
quotations.
- Taxation / subsidy may change prices
Githiari answered the question on September 21, 2017 at 12:22


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