wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Buyers' market denotes ______________.

A
excess of supply over demand
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
equal supply and demand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
commodities being available at competitive rates
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Product and Pricing
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon