Which of the following statements is not correct?
A)A seller would be eager to sell her product at a price higher than her cost.
B)A seller would refuse to sell her product at a price lower than her cost.
C)A seller would be indifferent about selling her product at a price equal to her cost.
D)Since sellers cannot set the price for their product,they must be willing to sell their product at any price.

Question

Quizplus · Accepted Answer

This statement is not correct because sellers can set the price for their product, although it may be influenced by market conditions and competition. Sellers may also have a minimum price below which they would not be willing to sell their product.

Which of the Following Statements Is Not Correct