English reader on

Task 4. Say whether the following statements are true or false ac-

cording to the information given in the above mentioned text: 

1. Prices are fixed. 

2. The market has constant offerings of goods and services at lower 

prices. 

3. Money prices are not exchange ratios. 

 

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4. Each consumer attaches a higher value to the item he receives than 

to what he gives in exchange. 

5. Any deviations in market prices from the amount needed to equalize 

supply and demand are not self liquidating. 

6. At times governments have exerted power to fix just minimum 

prices. 

7. The concept of prices based on cost is unrealizable. 

8. Costs do not determine selling prices. Prove the answer.