Price mechanism determines the prices of commodities through
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Correct Answer: Option B
Explanation:
Price mechanism refers to the system where the market forces of demand and supply determine the prices of commodities and the changes therein. It is the buyers and sellers who actually determine the price of a commodity.
Price mechanism refers to the system where the market forces of demand and supply determine the prices of commodities and the changes therein. It is the buyers and sellers who actually determine the price of a commodity.