Price is best described as:
A) that which is given up in exchange to acquire a good or service
B) money exchanged for a good or service
C) the psychological results of purchasing
D) the cost in dollars for a good or service as set by the producer
E) the value of a barter good in an exchange

Question

Quizplus · Accepted Answer

According to the textbook price is that which is given up in exchange to acquire a good or service.

Price Is Best Described As