Question

explain the market Price and general Price
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Answer 1

Explanation:

The market price is the current price at which a good or service can be purchased 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

Answer 2

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➺ Market price:

The market price is the current price at which an asset or service can be bought or sold. ... The price at which quantity supplied equals quantity demanded is the market price. The market price is used to calculate consumer and economic surplus

➺ General price:

The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.

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