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Which of the following BEST explains the roles of buyers and sellers in determining market clearing price? Responses A Sellers compete to convince buyers to
Which of the following BEST explains the roles of buyers and sellers in determining market clearing price? Responses A Sellers compete to convince buyers to pay the highest price for a particular good.Sellers compete to convince buyers to pay the highest price for a particular good. B While buyers seek the lowest possible price for a good, sellers seek the highest price for the good, and the two parties reach an agreement on the price of the good.While buyers seek the lowest possible price for a good, sellers seek the highest price for the good, and the two parties reach an agreement on the price of the good. C Buyers compete to convince sellers to offer the lowest prices for a particular good.Buyers compete to convince sellers to offer the lowest prices for a particular good. D While buyers seek the highest possible price for a good, sellers seek the lowest price for the good, and the two parties reach an agreement on the price of the good.While buyers seek the highest possible price for a good, sellers seek the lowest price for the good, and the two parties reach an agreement on the price of the good
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