There is an excess supply of available office in a given locale. This factor will tend...

There is an excess supply of available office in a given locale. This factor will tend to characterize the commercial market as a

a. buyer's market

b. seller's market

c. supplier's market

d. balanced market

Solutions

Expert Solution

a. buyer's market

A buyer's market is a market where the supply for any good or service exceeds its demand, which provides the buyers an advantage over the sellers while negotiating the prices.The excess supply of the available office in a given locale provides the buyer's an edge over the suppliers in price negotiation characterizing the commercial market as a buyer's market.

jeff jeffy answered 2 years ago

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