What Is a Price?

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Values and prices

Paying for certainty

Many prices

Clearing the market

In the market to buy or sell is relative because everything can depend on many factors such as: how much is willing to pay the buyer or how much this willing to sell the seller, the need may have the purchaser of this product or the need of selling the product from the seller etc.

the above factors come from the following topics

other prices are

etc.

Others are related to the timing of a potential transaction or to the relative power of the buyer and the seller

marginal price

are conceptual

The supply and demand of a good or of a service change depending on the price

the price at which the amount of a good or service supplied by all sellers in a market is equal to the amount demanded by all buyers.

What is the supply and demand?

supply

the offer as that amount of goods or services that the producers are willing to sell under market conditions

Demand

The demand is the amount of a good or service that people want to buy.

What Is a Price?

economists refer to the price as

market-clearing price

a price is the amount of money that a buyer gives to a seller in exchange for a good or a service

spot price

traded price