| Units: | - |
| Mode: | Input/Output |
| Multi-band: | True |
| Default Value: | 0 |
| Validation Rule: | Any Value |
| Key Property: | No |
| Description: | Price point on market demand function |
Market Price can be used alone to set an inelastic price i.e. price does not vary with quantity purchased or sold, or alternatively defined with multiple bands in combination with Quantity and Base Quantity to define a market supply/demand curve for a market with depth.
The actual price paid/received in the market is:
Price (output) = Price (input) × Price Scalar + Price Incr + spread
where:
spread adjusts for any
defined Bid-Ask Spread