Economic conditions seldom determine whether a market is favorable to the seller or to the purchaser.

Question

Quizplus · Accepted Answer

Economic conditions such as supply and demand, consumer confidence, and interest rates can greatly affect whether a market is favorable to the seller or to the purchaser. For example, in a seller's market, there is high demand and low supply, leading to higher prices and more favorable conditions for the seller. In a buyer's market, there is low demand and high supply, leading to lower prices and more favorable conditions for the purchaser.

Economic Conditions Seldom Determine Whether a Market Is Favorable to the Seller