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Homework answers / question archive / Which of the following is an example of a buyer in a market? a) A hair salon paying for a new chair
Which of the following is an example of a buyer in a market?
a) A hair salon paying for a new chair.
b) A theater selling movie tickets.
c) An airline offering low fares for seats on a flight.
d) A gas station offering lower gasoline prices.
The correct option is a) A hair salon paying for a new chair.
A hair salon, though itself a business, acts as a buyer of a chair. In this transaction, the chair manufacturer becomes the seller, and the hair salon the buyer.
