Which Ecommerce Classification Encompasses Consumers Selling Merchandise and Services to Each

question 22

Multiple Choice

Which ecommerce classification encompasses consumers selling merchandise and services to each other?

• A) C2C
• B) B2G
• C) B2C
• D) B2B

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level in a market.

Increase in Supply

A situation where the quantity of a good or service that producers are willing to sell at a given price rises.

Consumer Taste

The preference and subjective valuation of goods and services by consumers, influencing their purchasing decisions and market demand.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy at various prices.