Question

What is market price?

A. The Quantity of a good or service the consumers are willing to buy.

B. The price consumers are willing to pay

C. The point where supply and demand intersect.

D. The quantity of a good or service at businesses are willing and able to provide

Answer 1

The market price is the current price at which an asset or service can be bought or sold. The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price.

The answer would be C