The rate you pay to rent a motel room and the extra charges for the in-room movie rentals and room service are all examples of ________.

Question

Quizplus · Accepted Answer

The rate for renting a motel room, as well as the charges for in-room movie rentals and room service, are all examples of prices. Prices are the monetary value that is assigned to goods and services, and are usually determined by market factors such as supply and demand, competition, and production costs.

The Rate You Pay to Rent a Motel Room and the Extra