Which of the following will not affect the market price of a commodity?

By: |Published on: Nov 8|Categories: Economics WAEC| 0 comments

A. increase in demand
B. change in taste
C. intersection of demand and supply
D. increase in supply

Correct Answer: Option C

C. intersection of demand and supply

Explanation

6 Factors Affecting Price Determination of…

  • Product Cost
  • The Utility and Demand
  • The extent of Competition in the Market
  • Government and Legal Regulations
  • Pricing Objectives
  • Marketing Methods Used

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