Sellers market denotes a situation where _______.

commodities are available at competitive rates

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demand exceeds supply

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supply exceeds demand

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supply and demand are evenly balanced

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Solution

The correct option is B demand exceeds supply
A market is termed to be sellers market when the demand is high and seller has a high degree of control on the market due to limited supply; in this case, the demand tends to exceed the available supply for a commodity.

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Similar questions

Q. Sellers market denotes a situation where _________________.

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Sellers market denotes a situation where _______.

The correct option is B demand exceeds supplyA market is termed to be sellers market when the demand is high and seller has a high degree of control on the market due to limited supply; in this case, the demand tends to exceed the available supply for a commodity.

The correct option is B demand exceeds supply
A market is termed to be sellers market when the demand is high and seller has a high degree of control on the market due to limited supply; in this case, the demand tends to exceed the available supply for a commodity.