3 ms·
Keep in mind that market value is defined as the price the market puts on something when an exchange takes place, not the dollar value printed on the price tag.
by thwarted 18y ago
Keep in mind that market value is defined as the price the market puts on something when an exchange takes place, not the dollar value printed on the price tag. When I first tried to sell my house, no one would buy it because we set the asking price too high, the asking price was not the market value. Interestingly enough, doesn't the scarcity of the good factor into the market value (or at least the perception of scarcity)? Can something with an infinite supply even have a market value?