Question

Select all the items that describe price. what a producer receives from selling a good what a consumer pays when buying a good the distribution method in a planned economy the distribution method in a market economy

Answer 1

I think the answers are what a good producer receives from selling a good and what a consumer pays when buying a good. 

Answer 2

• What a producer receives from selling a good.
• What a consumer pays when buying a good.

A price is the quantity of payment that one party gives to another in exchange for one unit of goods or services. Price can also be described as the quantity of payment that a producer receives when selling a unit of a good or service to a consumer. In modern economies, prices usually represent units of a type of currency (for example, in the United States, prices are usually expressed in U. S. dollars).