Examlex
When LeBron James rejoined the Cleveland Cavaliers in 2014, Fox Sports Ohio was able to raise its rates for advertising on its cable TV channel. This situation is an example of
Price
The amount of money required to purchase a good or service, acting as a signal to both buyers and sellers in the market.
Quantity
The amount or number of a material or immaterial good that is measured or counted.
Market Price
The price at which goods and services are currently being sold in the market, influenced by supply and demand.
Equilibrium Price
The price point in the market at which the amount of goods being offered is equal to the amount of goods being sought.
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