2.2. Market Prices

2.2. Market Prices

Update: 2014-12-01
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Market prices are determined by the bargaining between suppliers and demanders. Price determination by supply and demand is illustrated with a thought experiment that uses a fixed quantity of a perishable product (i.e., green peas) and known maximum valuations of consumers.

From Part 2: Money and Interest. Narrated by Millian Quinteros.

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2.2. Market Prices

2.2. Market Prices

Richard Cantillon