All markets involve the following elements, except
A) demand or buyers.
B) face-to-face negotiation.
C) prices of goods and services.
D) supply or sellers.

Question

Quizplus · Accepted Answer

While face-to-face negotiation may be a common feature in some markets, it is not a necessary element for all markets. The other three elements - demand/buyers, prices of goods and services, and supply/sellers - are fundamental to any market.

All Markets Involve the Following Elements, Except