Market Price (Noun)
Meaning
The price at which buyers and sellers trade the item in an open marketplace.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The market price of the stock fluctuated wildly throughout the day due to rumors of a potential merger.
- To determine the value of the antique, the appraiser researched the market price of similar items sold at auction.
- The company set its retail price higher than the market price to ensure a significant profit margin.
- As the demand for the new smartphone increased, the market price rose accordingly, making it harder for consumers to get their hands on one.
- The real estate agent advised the seller to list the house at a price slightly below the market price to attract more potential buyers.