Question

B. Identifying Sellers and Buyers Look at the group of people below and their relationship. Can you identify who the sellers and buyers are? Can buyers and sellers change their roles? Show their relation- ship in the form of a diagram in your notebook. Group 1 farmer fruit shake vendor fruit vendor students Group 2 baker/bakeshop owner flour dealer household member Group 3 car owners car manufacturers automative parts supplier Group 4 garment merchandiser shopper dressmaker​

Answer 1

Group 1

Sellers: Farmer, fruit vendor

Buyers: Fruit shake vendor, students

The farmer sells fruits to the fruit vendor and the students. The fruit vendor sells fruit shakes to the students. The students buy fruits from the farmer and fruit shakes from the fruit vendor.

Group 2

Sellers: Baker/bakeshop owner, flour dealer

Buyers: Household member

The baker/bakeshop owner sells bread and pastries to the household member. The flour dealer sells flour to the baker/bakeshop owner. The household member buys bread and pastries from the baker/bakeshop owner.

Group 3

Sellers: Car manufacturers, automotive parts supplier

Buyers: Car owners

The car manufacturers sell cars to the car owners. The automotive parts supplier sells automotive parts to the car owners. The car owners buy cars from the car manufacturers and automotive parts from the automotive parts supplier.

Group 4

Sellers: Garment merchandiser, dressmaker

Buyers: Shopper

The garment merchandiser sells clothes to the shopper. The dressmaker sells custom-made clothes to the shopper. The shopper buys clothes from the garment merchandiser and custom-made clothes from the dressmaker.

Can buyers and sellers change their roles?

Yes, buyers and sellers can change their roles. For example, a student who buys fruits from the farmer can also sell fruits to the fruit vendor. A household member who buys bread and pastries from the baker/bakeshop owner can also sell bread and pastries to other household members. A car owner who buys a car from the car manufacturer can also sell the car to another car owner. A shopper who buys clothes from the garment merchandiser can also sell the clothes to another shopper.

Step-by-step explanation: