Where sellers find it difficult to sell
It is convinient for the buyers to buy
Sellers can sell what they produce
Buyers dominate the market
Answer is Right!
Answer is Wrong!
The correct answer is: A. Where sellers find it difficult to sell.
A seller’s market is a market in which there is a high demand for goods and services, and a low supply. This can lead to higher prices for goods and services, as sellers are able to charge more for their products. It can also make it difficult for buyers to find the goods and services they need, as sellers may be reluctant to sell at a lower price.
Here is a brief explanation of each option:
- Option A: Where sellers find it difficult to sell. This is the correct answer, as it is the definition of a seller’s market.
- Option B: It is convenient for the buyers to buy. This is not necessarily true in a seller’s market. In fact, it may be difficult for buyers to find the goods and services they need, as sellers may be reluctant to sell at a lower price.
- Option C: Sellers can sell what they produce. This is true in a seller’s market, as there is a high demand for goods and services. However, it does not mean that sellers will be able to sell their products at a high price.
- Option D: Buyers dominate the market. This is not true in a seller’s market. In fact, buyers may have less power in a seller’s market, as sellers are able to charge more for their products.