study guides for every class
that actually explain what's on your next test
Prices
from class:
AP Macroeconomics
Definition
Prices refer to the amount of money required to purchase a good or service. They are determined by market forces such as supply and demand.
© 2025 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.