In simple words, price searchers is a seller who is able to control the the price of the product in the market and has downward sloping demand curve
Because he has sufficient power to set the price by adjusting the supply in the market .
example can be Monopoly with single seller who is the price searcher .
Horizontal demand curve is the demand curve in the perfect competition market where there are arge number of sellers and buyers in the market. location and wage has nothing to do with the searcher.
Answer is option A
Question 5 A price searcher Not yet answered Points out of 1.00 Select one: O a....
A price searcher Select one: O a. is a seller that has the ability to control to some degree the price of the product itsells O b. faces a horizontal demand curve o c . is a seller that searches for the best location to sell its product. d. is a seller that searches for good employees and pays them a low wage. ous page MacBook Air * oð A SOON
Question 6 A seller that has the ability (to some degree) to control the price of the product it sells is called a price Not yet answered Points out of 1.00 P Flag question Select one: a. breaker O b. searcher o c. taker. O d. twister. Previous page MacBook Air
A seller that has the ability to some degree) to control the price of the product itsells is called a price Select one: O a. breaker O b. searcher c.taker O d. twister page MacBook Air
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