Buyers' market denotes ______________.

excess of supply over demand

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

equal supply and demand

No worries! We‘ve got your back. Try BYJU‘S free classes today!

commodities being available at competitive rates

No worries! We‘ve got your back. Try BYJU‘S free classes today!

demand exceeding supply

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A excess of supply over demand
Buyers' market denotes excess supply over demand. It is a situation of excess supply. Price of the product generally falls since the quantity demanded is lesser.

Suggest Corrections

Similar questions

Q. Supply is the quantity of goods and services readily available for sale in the market at a given price. Supply is decided by ____.

At what level of price do the firms in a perfectly competitive market supply when free entry and exit is allowed in the market? How is the equilibrium quantity determined in such a market?

Q. In a situation of excess supply, market price tends to _________.

Q. A situation of excess demand or excess supply is automatically corrected under perfect competition. Comment.

Explain 'large number of buyers and sellers' as a feature of perfectly competitive markets.

Join BYJU'S Learning Program

Buyers' market denotes ______________.

The correct option is A excess of supply over demandBuyers' market denotes excess supply over demand. It is a situation of excess supply. Price of the product generally falls since the quantity demanded is lesser.

The correct option is A excess of supply over demand
Buyers' market denotes excess supply over demand. It is a situation of excess supply. Price of the product generally falls since the quantity demanded is lesser.