Which of the following is not an example of a market?
Answer

A small town that has only one seller of electricity.

In the United States, a sick person cannot legally purchase a kidney.

In Florida there are many buyers and sellers of key lime pie.

The availability of Internet shopping has expanded the clothing choices for buyers who do not live near large cities.
1 points
Question 6

If a seller in a competitive market chooses to charge more than the going price, then:
Answer

The seller's profits must increase.

The owners of the raw materials used in production would raise the prices for the raw materials.

Other sellers would also raise their prices.

Buyers will make purchases from other sellers.

Answer rating: 100% (QA)

Answer An economy consisting of buyers and sellers of goods a... View the full answer