Which of the following is an example of a buyer in a market? a) A hair salon paying for a new chair

Business Dec 28, 2020

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.

Expert Solution

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.

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