why market price is related to very short period of time ?

Dear Student,

In very short period, supply is fixed as suppliers cannot increase the supply of a commodity. Since, in a very short period price is determined by demand only (supply being constant), thus  the price that prevails in the very short period is called market price.

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  • -1
because it depends upon the market demand and supply
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according to your statement , how does it relates to very short period of time 
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