An explanation for prices

Per-barrel costs for crude oil — the No. So growth has pushed up demand for energy, minerals, farm products, and other industrial inputs, right? Those changes are determined in the global crude oil market by the worldwide demand for and supply of crude oil. The price of milk rose. But world growth is slowing, while commodity prices still hit new highs.

Price Trends & Tips Explanation

Some macroeconomic explanation is called for. How to explain commodity prices go up while the economy turns down? See More First Known Use of price Noun 13th century, in the meaning defined at sense 1 Verb 15th century, in the meaning defined at sense 1 History and Etymology for price Noun Middle English pris, from Anglo-French, from Latin pretium price, money; probably akin to Sanskrit prati- against, in return — more at pros- Keep scrolling for more.

It also can be used to describe other economic activity. There was already some empirical evidence to support the theory: Further, the current average of state and local motor fuel taxes and fees can add another Verb They priced the house too high.

What is the difference in price between the two cars? Although gasoline and diesel fuel prices have risen recently, they are still well below prices we saw just four years ago.

If strong economic growth is not the explanation for the large increases since in prices of virtually all commodities, then what is? Excise taxes average 18 percent. And other special microeconomic factors are relevant in other specific sectors.

This column suggests that the key may be low real interest rates.

Prices are influenced by world markets and not tax reform. This reigning explanation now looks suspect. It sets a high price, but only a few consumers buy it. For manufacturing industries in general, the average over the past decade was under 8 cents per dollar of sales, so natural gas and oil actually have lagged other industries despite recent price increases.

Choose the Right Synonym for price Noun pricechargeand cost mean the amount asked or given in payment for something.The standard story for high commodity prices is rapid growth by China, India and company.

But world growth is slowing, while commodity prices still hit new highs. This column suggests that the key may be low real interest rates. Synonym Discussion of price. value, worth; the quantity of one thing that is exchanged or demanded in barter or sale for another See the full definition.

SINCE Menu. JOIN MWU Gain access to thousands of additional definitions and advanced search features—ad free! which offers a full range at budget-friendly prices, and a. cost and price analysis--an explanation Some form of price or cost analysis should be performed in connection with every procurement action, regardless of whether the organization is.

Law of Supply and Demand

The rise and fall in gasoline and diesel prices directly relates to the cost of crude oil and the global demand for crude on the worldwide market.

Gas Prices Explained Toggle content navigation Toggle site.

Price Trends & Tips Explanation. When deciding whether to buy now or wait to see if the price will go down, our first recommendation is that if you see a good price on a route, book it. Our price trend forecasts provide an additional piece of information.

The law of supply and demand does not apply just to prices. It also can be used to describe other economic activity. For example, if unemployment is high, there is a large supply of workers.

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An explanation for prices
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