The buyers’ market is known where

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.

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