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Do buyers and sellers as one group determine demand but only seller determine supply?
Wiki User
∙ 14y ago
Yes. Buyers want a product and those that sell it regulate how much of it they sell to the buyers, therefore controlling the supply as a result of the demand.
Wiki User
∙ 16y ago
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In economic terms what does market mean?
the coming together of a buyer and seller
Why demand always downward slop in competitive market?
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
What are the benefits of direct marketing to both buyers and sellers?
There are various benefits of direct marketing to both he buyer and seller. Sellers can choose their market and buyers can easily purchase products.
Why does a buyers market turn into a sellers market?
a buyers market turns into a seller's market when the houses are worth more than the buyers paid for them in the first place
Why a buyers market turn into sellers market?
a buyers market turns into a seller's market when the houses are worth more than the buyers paid for them in the first place
In economic terms what does market mean?
the coming together of a buyer and seller
What determines how the burden of tax is divided between buyers and seller?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
Why demand always downward slop in competitive market?
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
Is it buyers or sellers responsibility to smog a car in the state of California?
It's the seller's responsibility
What are the benefits of direct marketing to both buyers and sellers?
There are various benefits of direct marketing to both he buyer and seller. Sellers can choose their market and buyers can easily purchase products.
Why does a buyers market turn into a sellers market?
a buyers market turns into a seller's market when the houses are worth more than the buyers paid for them in the first place
Why a buyers market turn into sellers market?
a buyers market turns into a seller's market when the houses are worth more than the buyers paid for them in the first place
What is a characteristic of a seller's market?
A characteristic of a seller's market is low inventory of homes for sale, creating high demand among buyers. This often leads to multiple offers on properties, driving up prices and resulting in a competitive housing market that favors sellers.
Why a buyers market turns into a sellers market?
A buyer's market may turn into a seller's market when business is increased. Real estate has these markets for example when buyers have more luck than sellers and vice versa.
What sort of mechanism is used to rank the quality of buyers or sellers?
A reputation system is a popular way to rank buyers and sellers. If you buy an item from a seller and receive the item in good condition and in a timely matter, giving good feedback will increase a sellers reputation.
If in a market there is one buyer and many sellers then what is it called?
A buyer's market is when there are few buyers and many sellers. If the opposite is true, then it's called a seller's market.
How does elasticity effect the tax incidence?
Tax incidence (the distribution of the tax burden among the buyers and sellers in a market) depends on the elasticity of demand and supply because elasticity measures the buyer and seller's willingness to leave the market when the prices of goods change. The more elastic demand/supply is, the more buyers/sellers will leave the market when the prices rise.Therefore, the tax burden falls more on the side of the market with the smaller elasticity, because a small elasticity means that more buyers/sellers remain in the market when the prices rise due to their being fewer available alternatives.
