Markaðsverðmyndun
Markaðsverðmyndun refers to the process by which the price of a good or service is determined in a market economy. This is primarily driven by the interaction of supply and demand. When demand for a product is high and supply is low, prices tend to rise. Conversely, when supply is abundant and demand is low, prices tend to fall. This dynamic interaction helps to allocate resources efficiently by signaling to producers where there is demand and to consumers where resources are plentiful.
In a free market, the equilibrium price is reached at the point where the quantity demanded by