Price: Everything that matters in economics.

In Economics,

When you pass a certain price, there will be no buyer or taker for your goods.

What is this price?

This price is the Golden Price or Ceiling Price in Economics.

So, how do we determine this Golden Price?

By the following factors:

1) Baseline

2) Seasonal Adjustment - usually divided into quarters or more accurately seasons - winter, spring, summer or autumn.

3) Local trend - local scenarios that are affecting the price.

4) International trend - International scenarios that are affecting the price.

5) Random events - Things that are outside our control like a natural disaster, harvest or political changes.

6) Uncertainty - everyone hates uncertainty and need to be paid a price for that uncertainty "seller willing to accept WTA and buyer willing to pay WTP for the uncertainty"

There, will be a discount before the uncertain event like election, WTP and there will be a premium after the uncertain event is over like election, WTA.



So,

We have the Golden Price Equation.

Golden Price (GP) = Baseline (B) + Seasonal (S) + Local (A1) + International (A2) + Random (R) + Uncertainty (U)



May your day be blessed.



"In God we trust"



Yours truly,

Dr. Lion.