What is price mechanism?

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Asked 4/3/2012 8:02:10 AM

Updated 8/17/2014 4:36:33 PM

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Edited by yumdrea [8/17/2014 4:34:41 PM], Flagged by yumdrea [8/17/2014 4:35:18 PM]

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User: What is price mechanism?

Weegy: It is away to match up buyers and sellers through price rationing
user1583|Points 1061|

User: What is shift in demand curve?

Question

Asked 4/3/2012 8:02:10 AM

Updated 8/17/2014 4:36:33 PM

2 Answers/Comments

This conversation has been flagged as incorrect.

Edited by yumdrea [8/17/2014 4:34:41 PM], Flagged by yumdrea [8/17/2014 4:35:18 PM]

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yumdrea

Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services.

Added 8/17/2014 4:35:13 PM

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yumdrea

The shift of a demand curve takes place when there is a change in any non-price determinant of demand, resulting in a new demand curve.

Added 8/17/2014 4:36:33 PM

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