The market condition when goods and services are not freely available and thus the prices are relatively high is called

[amp_mcq option1=”rights issue” option2=”sinking fund” option3=”seller’s market” option4=”recession” correct=”option3″]

The correct answer is: C. seller’s market.

A seller’s market is a market condition in which there is a high demand for goods and services, and a low supply. This can lead to higher prices, as sellers have more bargaining power and can demand higher prices for their goods and services.

A rights issue is a type of financing that allows existing shareholders to buy new shares in a company. This can be done to raise capital for the company, or to prevent a takeover.

A sinking fund is a fund that is set aside to pay off debt. This can be done by a company, or by a government.

A recession is a period of economic decline, characterized by falling gross domestic product (GDP), rising unemployment, and falling asset prices.

In a seller’s market, buyers have less bargaining power and are more likely to pay higher prices for goods and services. This can be beneficial for sellers, but it can also lead to inflation.