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Sellers market denotes a situation where :
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- commodities are available at competitive rates
- demand exceeds supply
- supply exceeds demand
- supply and demand are evenly balanced
- commodities are available at competitive rates
Correct Option: B
Seller’s market is a market which has more buyers than sellers. High prices result from this excess of demand over supply. The opposite of the seller’s market is the buyer’s market, where supply greatly exceeds demand.
