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prohojiy [21]
1 year ago
6

Competition among suppliers tends to drive prices _______; competition among buyers tends to drive prices ______ .

Social Studies
1 answer:
Furkat [3]1 year ago
6 0

Competition among suppliers tends to drive prices down; competition among buyers tends to drive prices up.

<h3>How prices are determined in the market?</h3>

Price is one that tends to be dependent on the association that exist between demand and supply parts of a market.

Note that the Demand and supply stands for the willingness of customers and producers to be involved  in buying and selling.

Therefore, Competition among suppliers tends to drive prices down; competition among buyers tends to drive prices up.

Learn more about Competition  from

brainly.com/question/25717627

#SPJ1

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The answer that best fits into this sentence would be "denied the opportunity to obtain"

Explanation:

This is because Melvin Tumin was a firm believer on social stratification. This is a system that classifies people into different groups that depend on their wealth, income, social status and derived power. This makes it extremely difficult for underprivileged kids to achieve their dreams of becoming successful in a certain profession because in order to get to that level they need certain resources and contacts that are only available to higher class groups.

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