Quoted bid or highest price on inventor in willing to pay to buy a security is called ?
Correct answer: B. Bid price
- A. Offer price
- B. Bid price
- C. Quote price
- D. Market price
Explanation
The bid price is the highest price a buyer is currently willing to pay for a security. The offer or ask price is the price at which a seller is willing to sell.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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