A seller at a farmer's market wants $10 for a bag of 10 apples. You think his price is too high, so you counter with an offer of $6 for the bag. The seller then offers you a much smaller bag of five apples for $6. You bargain again, and the seller lets you buy the 10 apples for $8. This scenario is an example of:

The question is incomplete:

A seller at a farmer's market wants $10 for a bag of 10 apples. You think his price is too high, so you counter with an offer of $6 for the bag. The seller then offers you a much smaller bag of five apples for $6. You bargain again, and the seller lets you buy the 10 apples for $8. This scenario is an example of:

-A centrally planned market

-A shortage

-A market in action

-A perfect competition

Answer:

-A market in action

Explanation:

-A centrally planned market is a market in which the price and the resources are determined by the government.

-A shortage is when the demand of a product is greater than the supply and there are not sufficient products available.

-A market in action is when in a free market the prices change freely when there are changes in the supply and the demand.

-A perfect competition is a market in which the are a lot of buyers and sellers, the price is determined by supply and demand and there is no government intervention.

According to this, the answer is that this scenario is an example of market in action because it shows a market in which the price changes with the changes in the buyer and the seller.

The other options are not right because in the example there is no government intervention, there is a sufficient amount of apples and there is not a large amount of buyers and sellers and the price is not determine by the forces of supply and demand.