A Price Taker Is

question 129

Multiple Choice

A price taker is:

• A)a buyer or seller who cannot affect the market price.
• B)a buyer or seller who takes the market price and chooses to increase or decrease it.
• C)a buyer or seller who takes prices in the area and averages them together to set the price for his/her good.
• D)None of these statements is true.

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Definitions:

Leaves

Broad, flat organs of plants primarily responsible for photosynthesis, transpiration, and gas exchange.

Winter

The coldest season of the year, characterized by short days, long nights, and typically snow or rain in temperate climates.

Permafrost

A layer of soil or rock below the Earth's surface that remains frozen throughout the year.

Species Richness

The number of different species represented in a given ecological community, landscape, or region.