The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Prices and Quantities

  • A. Brody
Reference work entry


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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Authors and Affiliations

  • A. Brody
    • 1
  1. 1.