If buyers become reluctant to purchase high-quality goods because they can't be confident of purchasing a high-quality product, then

A. a large number of buyers will communicate the need for lower prices.

B. a large number of sellers will communicate their intention to raise prices.

C. a large number of buyers and sellers will be willing to barter to agree on price.

D. the equilibrium price and quantity will be adversely affected by a thin market.

Question

Tamia Morrison

Business

13 April, 07:02

If buyers become reluctant to purchase high-quality goods because they can't be confident of purchasing a high-quality product, then

A. a large number of buyers will communicate the need for lower prices.

B. a large number of sellers will communicate their intention to raise prices.

C. a large number of buyers and sellers will be willing to barter to agree on price.

D. the equilibrium price and quantity will be adversely affected by a thin market.

+4

Answers (1)

Know the Answer?

Jamiya Duke · Answer 1

D. the equilibrium price and quantity will be adversely affected by a thin market.

Explanation:

If a buyer becomes reluctant to buy a high quality good due they cant be confident in the quality of the product then the equilibrium price of the product and the quantity of the good will be adversely affected by the market. Thus the goods will have a price difference as the product should meet the customer's wants and needs and making them free form deficiencies.