Question

In principle, all goods and services are valued at

Q: Answer-In principle, all goods and services are valued at _______, that is, inclusive of all taxes.

Commodity valuation follows the classical economic principle of arriving at a price by studying the intersection of the demand and supply curves of a good, which is also called the break-even point. Therefore, all goods and services are valued at market price, inclusive of all taxes, at least in principle.

_______, that is, inclusive of all taxes.

A market price

B production volume

C consumer preference

D sales volume

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In principle, all goods and services are valued at

Solution