Market-based prices are normally determined using some measure of:
A) Supplier prices
B) Supplier demand
C) Customer demand
D) Degree of governmental regulation

Question

Quizplus · Accepted Answer

Market-based prices are determined by the balance of supply and demand in the market. Customer demand plays a crucial role in setting prices, as suppliers will adjust prices based on how much customers are willing to pay for their goods or services. Factors such as supplier prices and governmental regulation can also play a role, but they are typically secondary to customer demand in determining market-based prices.

Market-Based Prices Are Normally Determined Using Some Measure Of