Competition between manufacturers exerts constant pressure on selling prices. Also, competition contributes to widening the market in terms of quantity demanded by consumers, which is even higher as the price is lower. Thus, price is a pole of attraction all the converging market forces, it is, as Michel Didier said "a little north of economic compass". The specific evolution of offers and demands curve generates balancing intersections, which are nothing but the sizes of the price.
More articles in Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Sciences from Editura Lumen, Department of Economics Series data maintained by Amariei Mirela ().