Question : Seller market denotes a situation where :
Option 1: Commodities are available at compititive rates .
Option 2: Demand exceed supply .
Option 3: Supply exceed demand .
Option 4: Supply and demand are evenly balanced .
Correct Answer: Demand exceed supply .
Solution : Correct Answer is Demand exceed supply .
A situation of excessive demand exists. As a result, the product's price increases in order to increase the seller's profit. Sellers are the creators or owners of goods or abilities that can be bought by a customer. They could be either people or companies. Due to this excess of demand over supply, prices are high. The buyer's market, where supply vastly outweighs demand, is the antithesis of the seller's market.
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