Question

Government and legal regulations do not affect the price of a product.

• A. True
• B. False

Answer 1

The correct option is B False

Price is a value that will purchase a finite quantity, weight or other measure of a good or services. Price is a consideration given in exchange for transfer of ownership. The taxes and duties imposed on the goods and services by the government affects the final price of the goods that a consumer has to pay for the product.