Answer:
- What a producer receives from selling a good.
- What a consumer pays when buying a good.
A price is the quantity of payment that one party gives to another in exchange for one unit of goods or services. Price can also be described as the quantity of payment that a producer receives when selling a unit of a good or service to a consumer. In modern economies, prices usually represent units of a type of currency (for example, in the United States, prices are usually expressed in U. S. dollars).
