Prices determine what resources are to be used. They are also 1. ______ the means in which products and services that are in limited supply 2. ______ are rationed among buyers. The price system of the United States is a complex network composed of the prices of all the products bought and sold in the economy as well as which of a myriad of 3. ______ services, including labor, professional, transportation, and public-utility services . The interrelationships of all these prices make up the "system" of prices. The price of any particular product or service is linked to a broad, complicated system of prices in which everything seems to depend more or less upon everything. 4. ______ If one was to ask a group of randomly selected individuals to 5. ______ define "price", many would reply that price is an amount of money paid by the buyer to the seller of a product or service or, in other words that price is the money values of a product or service as agreeing upon in a market transaction. This definition is, of 6. ______ course, valid as far as it goes. For a completely understanding of a 7. ______ price in any particular transaction, many more than the amount of 8. ______ money involved must be known. Both the buyer and the seller should be familiar with not only the money amount, but with the amount and quantity of the product or service to be exchanged, the 9. ______ time and place at which the exchange will take place and payment will be made, .the form of money to be used, the credit terms and discounts that apply to the transaction, guarantees on the product or service, delivery terms, return privileges, and the other factors. 10. ______