If Buyers and Sellers in a Certain Market Are Price

question 41

Multiple Choice

If buyers and sellers in a certain market are price takers,then individually

• A)they have no influence on market price.
• B)they have some influence on market price but that influence is limited.
• C)buyers will be able to find prices lower than those determined in the market.
• D)sellers will find it difficult to sell all they want to sell at the market price.

---

Definitions:

Oxidation Number

A measure of the degree of oxidation of an atom in a substance, indicating the number of electrons lost or gained by an atom.

Oxidation Number

An indicator of how much an atom in a substance has been oxidized, shown by the quantity of electrons it has either gained or lost.

Reaction

A reaction involves the transformation of one or more substances into different substances through the breaking and forming of chemical bonds.

Exothermic

An exothermic reaction is a chemical reaction that releases heat and energy to its surroundings.