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The combination of a high demand for a product or service and a willing supply from sellers is most likely to create a seller and market. When consumers express strong interest in purchasing goods, entrepreneurs and businesses respond by offering those goods, thereby establishing a marketplace. Additionally, factors such as competition, pricing, and consumer preferences can further shape and sustain this market dynamic.
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If the price of building materials suddenly increased by a large amount there would most likely be what?
Shift to a seller's market.
Which of the following is the most complete description of the concept of market?
an agreement between a buyer and a seller
What is most likely to lead to a black market?
rationing
Is most likely to create new markets?
free trade
Which is most likely to change a buyers market into a sellers market?
The price of building materials suddenly going up.
Which is most likely to create a seller's market?
a rapid increase in the population of a city or town.
What is most likely to create a seller's market?
A seller's market is most likely to be created when there is high demand for houses but low supply, resulting in competition among buyers and driving up prices. Factors such as low interest rates, a thriving economy, and limited housing inventory can contribute to creating a seller's market.
What is most likely to change a buyer's market into a seller's market?
The price of building materials suddenly going up.
If the price of building materials suddenly increased by a large amount there would most likely be what?
Shift to a seller's market.
If price of building materials suddenly increased by a large amount there would most likely be?
Shift to a seller's market.
If the price of building material suddenly increased by a large amount there would most likely be?
Shift to a seller's market.
Which of the following is the most complete description of the concept of market?
an agreement between a buyer and a seller
What is most essential for an effiecent market economy?
Private property, specialization, consumer sovereighnty, seller competition, seller profit, voluntary exchange and minimal government involvement.
What is the relationship among market segmentation?
The relationship among market segmentation is that market segmentation is to identify the group of people most likely to become customers. In order to develop a clear picture of their target market, businesses create a customer profile.
What is most likely to lead to a black market?
rationing
Is this seller in australia that is selling mortal kombat 9 in australia for 87 dollars an undercover officer or a trustable seller?
most likely undercover because it's banned in australia
Which of these is most likely to lead directly to a black market?
Rationing
