Which of the following is not an example of a market?

Which of the following is not an example of a market? Multiple Choice

EBay

An auction

Grocery store

Donation center

Solutions

Expert Solution

Answer is option d)

A market is a location ( physical or virtual) where buyers and sellers meet to exchange goods and services at prices determined by the forces of supply and demand.

E bay shows online market

In auction, there exist always a buyer & a seller

Grocery store is a market

Donation center isn't a market bcoz donations aren't bought & sold like in the market

Rahul Sunny answered 1 year ago

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