The lowest price at which anyone is willing to sell something. Because we are the only owners of the above $200,000 home, we have set the ask price. If we reduce the price, then the new price is the ask price. The stock market works the same way.
The lowest price at which anyone is willing to sell something. Because we are the only owners of the above $200,000 home, we have set the ask price. If we reduce the price, then the new price is the ask price. The stock market works the same way.