Market Price

Units: -
Mode: Input/Output
Multi-band: True
Default Value: 0
Validation Rule: Any Value
Key Property: No
Description: Price point on market demand function
Detail:
Input

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.

Output

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