Question

Economics affects nearly everything we do in some way. Someone else has produced

most items we consume, or use, in our daily lives, from food to clothes to music to gas
for our cars. Chances are, when we purchase these daily items, we don't question the
price with the producer. But in the United States, the interactions between the
consumers and producers determine quite a lot in terms of business and economics.
Think about the items and services that you and your family buy or consume. What
causes you to pay the prices that you do for these goods and services? What
determines the price that's on the price tag? What goes into determining, or setting,
that price? Consider all the possible elements that could influence the prices you pay.

Answer 1

Supply and Demand/ Monetary Value

Step-by-step explanation:

This is a very simple question, but the person who created the question overcomplicated it for no reason. If there is high demand for something, people will be willing to pay more for it. For example, medicine is costly but due to companies knowing that people will pay whatever it takes to get that medicine.

Gold. Not as much demand as their used to be. But the supply is very limited. In short, because it is rare, it is valuable.

There is a reason we don't pay $100 for a leaf. Because they are everywhere and don't have any monetary value (there is no use for it)