Question

The amount of money that a seller is willing to accept in exchange for a product, at a given time and under given circumstances, is called the

A) revenue.
B) income
C) discount. price.
E) breakeven quantity.

Answer 1

D. Price

Step-by-step explanation:

Price is the amount that is paid by the buyer to the seller in the purchase of the product. And it also deals in exchange for a product which we called barter. The more or less amount while exchange the product is also known as price

It is a measure of an item.

According to the given situation, the most appropriate option is d. as it says that the seller is willing to accept in a given time and in given circumstances that means he is ready for negotiation.