Which of the following IS NOT a situation when buyers will have increased power over sellers in a market?
A) when there are a large number of sellers in the market
B) when there are many substitutes for the product
C) when product demand is high
D) when the economy is weak
E) when product supply is plentiful

Question

Quizplus · Accepted Answer

When product demand is high, sellers typically have increased power over buyers as they have more leverage to increase prices and decrease supply.

Which of the Following IS NOT a Situation When Buyers