In asset markets,an asset's price is
A)set equal to the highest price a seller will accept.
B)set equal to the highest price a buyer is willing to pay.
C)set equal to the lowest price a seller is willing to accept.
D)set by the buyer willing to pay the highest price.

Question

Quizplus · Accepted Answer

In asset markets, an asset's price is set by the buyer willing to pay the highest price. This is also referred to as the "market clearing price," because it is the price at which the quantity of the asset demanded by buyers equals the quantity supplied by sellers.

In Asset Markets,an Asset's Price Is