Price Determination

Price determination is a price system, a system in which the price plays a key role in determining the ways of allocating and distributing commodities.

It is in this lucid manner that this book will teach you how to determine the prices of goods and services.

It clearly explains the equilibrium price and the equilibrium quantity.

It analyzes how to determine the equilibrium price and quantity using a functional relationship.

It examines the effects of changes in demand and supply on the equilibrium price and quantity.

It evaluates the functions of price system, a system in which the price plays a key role in determining the ways in which commodities are allocated to the producers and consumers.

It examines price control, the fixing of the price of certain selected commodities by the government.

It identifies the minimum price legislation. It throws light on the effects of fixing a minimum price.

And it discusses the maximum price legislation. It sheds light on the effects of fixing a maximum price.

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