Intermediaries, known as middlemen, specialize in
A) reducing transaction costs.
B) negotiating high prices for sellers.
C) negotiating low prices for buyers.
D) encouraging consumers to buy goods on credit, rather than with cash.
A
Economics
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Which of the following is NOT a consumption good?
A) a U.S. government bond B) a UPS truck C) Nike swimming trunks D) a Subway sandwich E) marriage counseling services
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If a price decrease results in your expenditure on a good decreasing, your demand must be
A) inelastic. B) unit. C) elastic. D) linear.
Economics