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the role of consumers and producers in determining the price of in a market economy that a few items people are willing to buy and the price goes up. and more items and the price goes down

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The price of the good or the service is determined by the demand and supply in a market.

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The role of consumers and producers are very different from each other.

Producers's jobs ais basically to provide the people with things they need or want.

Consumers just buy and use whatever the producers made.

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the producers make sure that there is a good reasonable price so that the consumers would be interested in buying the product for a good deal and if it's been doing good recently the price might even go up.

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Determining the price of a product depends on how low or how high the demand

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the producers need to make an item not so expensive to the consumer so that the producers will get more money because the consumers can afford the price. also more buying the item more popular the item will be therefore everyone will want to get the item . the producers will have to make more in a reasonable budget.

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A producer's job is to make good prices, if their is a high demand there will be more competition and the prices will drop so they can make more customers and more money.

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demand is what happens when lot of people want a certain product which also allows the producers to up the price

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Something about demand.

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The higher the demand the higher the producers can make there products price higher.If the demand got lower then there price gets lower. Consumers effect it because the producers are trying to make there prices best for the consumers.

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Consumers need to be able to afford a product so they can pay the producers. Producers need a price that is best for the consumers and their self.

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In order for them to determine the price of a product for the market economy, i think they would determine the rate of the demand, if it should be high or low, or what. Each role affects the decision of the other role because of the competition they will have against each other, for example that way you would see what will or would make more of a profit for you to purchase.

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It depends on whether or not a item has a high or low demand. If there is a high demand there will be a lot of competition and the market price will decrease. If it's a low demand there won't be as much competition and the market price may increase.

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consumers need a reasonable price in order to afford the product.

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The producer's job is to make a good price for consumers. They need to make a reasonable price for them. Producer's have to make sure that any price they put will make the consumer's and their company happy. Consumer's need to be able to buy the product and be within their budget.

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if there is a high demand of a product and there is tons of competition the market price will decrease ,if the producer  puts a high price on something with high demand it will make more profit and the consumer will want to buy more .if the consumer does not want a product then the producer willl make little to no profit
YEAH!!!!!!!!!!!!!!

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The producers job is to make the price right for the consumer. The higher the demand the producers can make the decision to make the product more expensive and the consumer well want to buy it more. The lower the demand the more money the producer makes but also has the chance of making little to no profit.

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if there is a high demand of a product and there is tons of competition the market price will decrease ,if the producer puts a high price on something with high demand it will make more profit and the consumer will want to buy more .if the consumer does not want a product then the producer willl make little to no profit

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If a lot of people buy a certain item (consumers) then the producers will have to make more of that item causing the item's price to go down

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Determining the price of a product depends on whether a certain item has either a high or low demand. The higher the demand producers can make their product more expensive. If the demand for a certain product was lower than the price on the item would go down.

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The consumer needs a reasonable price in order to be able to afford the product while the producer needs the right price to be able to afford to make more of the product they're selling.

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Determining Price: Class Prompt 2/6/2017

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Determining Price: Class Prompt 2/6/2017

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Explain the role of consumers and producers in determining the price of a product in a market economy. Think about how each role affects the decision of the other role.