Question

Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?

A. Effectual price
B. Market price
C. Natural price
D. Demand price

Answer 1

I think it is d

but I'm not sure

somebody help me

Answer 2

The labor theory of value (LTV) is a heterodox economic theory of value that argues that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it. At present this concept is usually associated with Marxian economics, although it is also used in the theories of earlier classical economists such as Adam Smith and David Ricardo and later also in anarchist economics.

Answer 3

thanks :)