Question

What is the effect of the interaction of buyers and sellers on a market?

A. the amount of a good that is bought

B. the amount of a good that is actually used rather than bought

C. the amount of money spent to buy a good

D. the amount of a good that is bought for a specific amount of money

Answer 1

The answer is: D. the amount of a good that is bought for a specific amount of money

The interaction made by sellers and buyers revolve around the trades of resources that they owned.

For example, let's say that you buy 10 donuts for 1$ each.

To complete the transaction, you need to give exactly $10 to the sellers (specific amount of money) and the sellers need to give you exactly 10 donuts (specific amount of goods) .