What causes me to pay the prices that I do for these goods and services?: I pay them because I need food, clothes, and need gas so I can go places, and what really causes me is for the need to take care of myself and my family.
What determines the price that's on a price tag?: Its really the value honestly, like for ex a painting, paintings from professionals cost like millions to billions, but just an ordinary painting like from a kid with crayons is like $2, so really its the value that determines, like how good it is and how much people will pay for it.
What goes into determining?: As I said before, its the value basically and also the government taxes as well, to see how much something cost and than adding the price tax to it as well.
Possible elements:? What influences me is that I pay $30-50 for gas so I have no choice honestly, and I do it for the need to because you have to have gas to drive yourself to work, and eat food to live as well, so needs influence people to pay high prices, and the producers know this because they try to raise prices high so more people can buy them and the producers make more money.
