1. your own market experience as a buyer to explain your view on the difference between value and price.

See explanation

Explanation:

Price is the amount that we pay for a particular good or service. On the other hand, value refers to the worth of a good. The amount that the seller charges for a good is the price of the good and it consists of the cost and profit margin.

For example, if a person buys a book for $10, then the price is $10 while the value of the book is the worth of the book to the person that buys it. Price is the amount we pay for goods while value is what the product pays us and this can be measured in several ways.

question 1: paragraph 3

question 2: paragraph 2

question 3: paragraph 1

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