Question

How are prices determined?

Answer 1

Prices can be determined freely in the free-market economy by "Demand and Supply" -- Or by the government in the command economy by government policies.

Answer 2

government subsidies and/or supply and demand.

Answer 3

So you look at where the demand curve intersects the supply curve?

Answer 4

Supply and demand.

Answer 5

Depends on the amount of the item supplied and the amount demanded. :)

Answer 6

Yes, the in the economics. it is the supply and Demand that determines the prices. If more goods are produce and is less demanded from the market. the prices fall and if few goods are produce and are more demanded then it makes price go up.