Ask Question
4 October, 15:22

A market:A. reflects upsloping demand and downsloping supply curves. B. entails the exchange of goods, but not services. C. is an institution that brings together buyers and sellers. D. always requires face-to-face contact between buyer and seller.

+2
Answers (1)
  1. 4 October, 17:51
    0
    Answer: Option (c) is correct.

    Explanation:

    A market refers to a term or institution in which various buyers and sellers of a particular good interact with each other to perform certain transactions. In a market, there is a buying and selling of goods and services between the consumers and sellers and price is determined by the market forces. Examples of market; Automobile market, fruit market, vegetables market, wood market, etc.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A market:A. reflects upsloping demand and downsloping supply curves. B. entails the exchange of goods, but not services. C. is an ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers