The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Prices and Quantities

  • A. Brody
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1843

Abstract

These are the most directly and readily observable attributes of commodities (goods and services produced for and exchanged on the market). Both price and quantity relate to a unit (piece, bushel, barrel, pound etc.), established usually by commercial practice as the customary unit of reckoning.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • A. Brody
    • 1
  1. 1.