How to differentiate between buyers and sellers in a circular flow context
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Question: Buyer, Seller, or Both?
For each of the following markets, say whether the person participates as a buyer, seller or both
a. A family eating at a restaurant
b. A person getting a haircut
c. A cook working in a restaurant
d. The proud owner of a new home.
e. The owner of a used car
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Answered By:
Travis K.
Economics Tutor for MBA, Intro (Principles), AP Micro / Macro classes
More information: https://www.wyzant.com/Tutors/AZ/Tucs...
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