A local car dealership has many cars for sale at a low price, but demand for the cars islow. What kind of market most likely exists?
Question
Solution 1
The market that most likely exists in this scenario is a "Buyer's Market".
Here's why:
In a buyer's market, the supply (in this case, cars) exceeds demand. This means there are more cars available for sale than there are people interested in buying them.
Because there are more cars than in Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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