supply is more than the demand
demand is more than the demand
demand is equal to the supply
None of the above
Answer is Right!
Answer is Wrong!
The correct answer is (a).
A buyers’ market is a market in which there is more supply than demand. This means that buyers have more power and can negotiate lower prices. In a buyers’ market, sellers may need to offer discounts or other incentives to attract buyers.
A sellers’ market is a market in which there is more demand than supply. This means that sellers have more power and can charge higher prices. In a sellers’ market, buyers may need to pay more for goods and services.
A market in which demand is equal to supply is called a balanced market. In a balanced market, prices are likely to be stable.
I hope this helps!