2006-07-10 03:35:17 · 6 answers · asked by @annie*_* l 1 in Social Science ➔ Economics
Price mechanism is what equilibriates supply and demand within a market.
2006-07-10 06:16:53 · answer #1 · answered by Veritatum17 6 · 0⤊ 0⤋
Define Price Mechanism
2016-11-16 01:40:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The price mechanism is the concept that the free market, when left to its own devices, will formulate fair prices on its own by the natural laws of supply and demand.
2006-07-10 16:14:07 · answer #3 · answered by Chx 2 · 0⤊ 0⤋
The price mechanism is one which allows the prices of good and services to be decided by the interplay between supply and demand. There is no centralised price fixing.
2006-07-10 12:20:04 · answer #4 · answered by Agbanusi I 2 · 0⤊ 0⤋
a mechanism of pricing
2006-07-10 10:45:01 · answer #5 · answered by cigarnation 3 · 0⤊ 0⤋
u can get more info through the website. but they dont difine it with enough detail but price mechanism has something to do with equalibrium that is the E point in the chart where the supply curve and demand curve cross each other.
2006-07-12 21:39:55 · answer #6 · answered by Q&A person 1 · 0⤊ 0⤋