Buyer’s market denotes the place where ________.
1). the demand exceeds the supply
2). the supply exceeds the demand
3). commodities are available at competitive rates
4). the demand and supply are well balanced
Buyer’s market denotes the place where the supply exceeds the demand. In this type of market, the buyers have the advantage of price negotiation. If the demand exceeds the supply then such type of market situation is called Seller’s market.