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Market rate
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The market rate (or "going rate") for goods or services is the usual price charged for them in a free market. If demand goes up, manufacturers and laborers will tend to respond by increasing the price they require, thus setting a higher market rate. When demand falls, market rates also tend to fall (see Supply and demand).
See also
[edit]References
[edit]External links
[edit]- Business Dictionary Archived 2012-01-07 at the Wayback Machine
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