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Amy is starting a new business and is confused about how to determine what price to set for her product. She comes to you for advice and you tell her, correctly, that the two factors that determine the price at which a product will sell are.

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The two factors that determine the price of a product include:

  • Cost of product
  • Demand

What is Price?

This is defined as the  amount of money that has to be paid to acquire a given product.

Pricfe is however has to be higher than the cost involved in making the product and is also determined by the demand in order for profit to be made.

Read more about Price here https://brainly.com/question/3522474

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