Question: When buying a commodity-type item, it's important to understand market conditions. Generally, economic conditions are favorable for the buyer (buyer can get a favorable price

When buying a commodity-type item, it's important to understand market conditions. Generally, economic conditions are favorable for the buyer (buyer can get a favorable price quote) when: O Supplies are Tight There are excess production capacities in the marketplace When market demand exceeds market supply O Demand is strong O All answers are correct

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