The term price taker can apply to buyers as well as sellers. A price$-$taking buyer is one who cannot influence price by changing the amount he or she buys.

In which of the following scenarios would you most likely be a price taker? Check all that apply.

$$ A can of soda costs $$1$ at the store.The term price taker can apply to buyers as well as sellers. A price$-$taking buyer is one who cannot influence price by changing the amount he or she buys.

In which of the following scenarios would you most likely be a price taker? Check all that apply.

$$ A can of soda costs $$1$ at the store.