Do you think the cost of an object reflects its true value? Why or why not?

Question

Peter M. · Accepted Answer

No i don't. The law of demand and supply mainly dictates the price of an item or service. The value of an item could be high due to its high demand whereas if the demand was low, the price would be lower too.

Do you think the cost of an object reflects its true value? Why or why not?

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Do you think the cost of an object reflects its true value? Why or why not?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Gen is interested in seeing how the money grows. Her mom suggests that she take the money in her piggy bank....

Find the equivalent rate of interest for a discount rate of 7.5% for 60 days.

how long would it take to pay off a loan of $2,900 at 11% discount when the bank charges $638?

Micheal wants his $3,200 to grow to $4,500 in 3 years. He has a saving account paying simple interest on savings.

Suppose you were given $1000 from your uncle. You deposited that money in a bank and added $70 per month..

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