Which of the following statements is correct?
A)Buyers always want to pay less and sellers always want to be paid more.
B)Buyers always want to pay less and sellers always want to be paid less.
C)Buyers always want to pay more and sellers always want to be paid more.
D)Buyers always want to pay more and sellers always want to be paid less.

Question

Quizplus · Accepted Answer

This statement is based on the fundamental concept of economics which is that buyers always want to pay less, and sellers always want to sell at a higher price. This is because buyers are looking for the best deal and want to spend the least amount of money, while sellers are looking to maximize their profits.

Which of the Following Statements Is Correct