A market requires
A) sellers only.
B) buyers and sellers.
C) government intervention.
D) buyers only.

Question

Quizplus · Accepted Answer

A market requires both buyers and sellers to function. Buyers create demand, which drives prices up, while sellers create supply, which drives prices down. The interaction of buyers and sellers in a market determines the equilibrium price and quantity of goods or services that are traded. While government intervention can occur, it is not a requirement for a market to exist.

A Market Requires