The entire group of buyers and sellers of a particular good or service makes up:
A)only the demand curve.
B)only the supply curve.
C)a market.
D)the equilibrium.

Question

Quizplus · Accepted Answer

A market refers to the entire group of buyers and sellers of a particular good or service, and includes both the demand and supply curves. Therefore, option C is the correct choice. Option A refers only to the buyers, while option B refers only to the sellers. Option D refers to a specific point where the demand and supply curves intersect.

The Entire Group of Buyers and Sellers of a Particular