Which of the Following Is NOT a Type of Price

question 4

Multiple Choice

Which of the following is NOT a type of price?

• A)Commission paid to a stockbroker
• B)Membership fee
• C)Finance charge
• D)All of these are types of prices.
• E)None of these are types of prices.

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Definitions:

Income

The money received by an individual or business in exchange for labor, services, or investment, constituting a basis for consumption and savings.

Consumer Equilibrium

The point at which the amount of goods purchased by a consumer is equal to their preference at prevailing market prices, maximizing utility.

Utility

The satisfaction or benefit a consumer derives from consuming a good or service.

Income

Money that an individual or business receives, typically as payment for goods or services or through investments.