When economists refer to small buyers in the market,they are referring to the notion that
A) no buyers can influence the price of a good
B) buyers are mostly children and young adults.
C) buyers are buying no more than two hundred units at a time.
D) there are only a few buyers in the market.
E) there is only one buyer in the market.

Question

Quizplus · Accepted Answer

When economists refer to small buyers in the market, they are referring to the notion that no individual buyer has enough market power to influence the price of a good. This is because there are many buyers in the market, and each individual buyer's purchases are relatively small compared to the total demand for the good.

When Economists Refer to Small Buyers in the Market,they Are