Sentence:  We are abstracting from the fact of strikes here , but it should be obvious that the extent to which the public limit <WSD>price</WSD> is raised by a given increase in the basic wage rate is also a function of the show of resistance put up by the industry . 
Meaning of the word marked with <WSD> tags:  the property of having material worth (often indicated by the amount of money something would bring if sold)