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FACTORS AFFECTING THE PRICE DETERMINATION - Coggle Diagram
FACTORS AFFECTING THE PRICE DETERMINATION
PRODUCT COST
HIGH
HIGH PRICE
LOW
LOW PRICE
UTILITY
MORE UTILITY
HIGH PRICE
LESS UTILITY
LOW PRICE
EXTENT OF COMPETETION
LESS DEGREE OF COMPETETION
HIGH PRICE
HIGH DEGREE OF COMPETETION
LOW PRICE
DEMAND
DEMAND IS ELASTIC
LOW PRICE
DEMAND IS INELASTIC
HIGH PRICE