Answer:market price
Explanation:Market price is the amount a product or service can be bought or sold for. You can find market price when supply meets demand. To find market price, balance supply and consumer demand. When supply and demand shift or fluctuate, market price can also change.
Example of Market Price and Changes
The interaction between buyers and sellers is what changes the market price. For example, assume that Bank of America Corp (BAC) has a $50 bid and a $50.01 offer. There are ten traders wanting to buy BAC stock; this represents demand.
Answer: The answer is hindsight bias
Explanation:
Hindsight bias : This can be defined as a situation whereby a person forecast the consequence of an event that could happened in the future which eventually happened exactly the way the person had forecasted the event . When an event had occurred, people tend to have the habit of saying that,they knew the consequences of the event happening before it eventually happened. This concept is applicable in the areas of sport for example when someone forecast that his football team is going to beat their opponent by two goals to one and it eventually happened the way the person had predicted it. It can also be applicable in the areas of politics, for example when someone had forecasted that the candidate for their party in the forthcoming election will win the election by a wide margin to beat the other contestant in the election, and it happened exactly the person had predicted it. Therefore, in the event described in the question, the research is known as hindsight bias.
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