0
Why would sellers hold durable goods off the market during a period of inflation?
Wiki User
∙ 12y ago
This is chiefly due to the illusion of money. By definition, inflation is an increase in the general price level. And durable consumer goods and goods that consumers are not likely to buy again for an extended period of time. Therefore, sellers believe that they will make more money if they sell the good when the prices are higher as to increase profit although this belief is offset by an increase in prices of all other goods.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
A decrease in the number of sellers in the market causes what?
If the number of sellers in a market increases the
What happens to the open market operations during inflation?
sell more government bonds
Where is the market located?
market is not a place, its a situation. when tere is a buyer with willingness and capablity and sellers willing to sell that is market,but both buyers and sellers has to be more then one
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.
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
When a binding price floor is imposed on a market to benefit sellers?
some sellers benefit and some sellers are harmed.
How does eBay market their services?
Ebay is a another market place. They market their service as sellers.
What is lucrative market?
A lucrative market is a market which producing wealth for both buyers and sellers.
What is untapped market?
Untapped market is that portion of Market that has been untouched or which is unnoticed by the sellers .
What is a market with only a few sellers?
An oligopoly.
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 is untapped?
Untapped market is that portion of Market that has been untouched or which is unnoticed by the sellers .
