34.4k views
4 votes
You are a jeans producer. when you sell your jeans consumers pay the _____ that you charge

User Flopes
by
8.2k points

2 Answers

2 votes

Answer:

Price, is the right answer.

Step-by-step explanation:

The consumer pays the “Price” which is charged by the producer. In a competitive market, the price of a commodity is determined by the market forces i.e, demand and supply. The intersection of the market demand curve and the market supply curve gives the market price of a commodity. However, the price charged by the producer covers all its manufacturing cost and makes a profit on it because the price paid by the consumer is the total revenue for the producer.

User Peter Sladek
by
7.4k points
0 votes
If you're a jeans producer, when you sell you jeans consumer pay the "price" that you charge. This price usually takes into consideration the cost of making the jeans, plus the amount of profit you think you can make per pair. 
User Raivo Kolde
by
8.6k points